Stock trading is an extremely risky game. Some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be very difficult to get back to the point you were at your most productive. If you find yourself immersed in the water it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth in the industry. This review will be taking the time to look at Profit.ly is a well-known single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Before The 90 Days
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two purposes: 1) making public records for not just the gurus and students and newsletter writers, and 2) allowing anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Timothy Sykes Before The 90 Days
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving success. You can create an account there for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders, but you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, whether verified or not, via screenshots. In Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks is an opportunity for small companies to move into a larger market because they can access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned significant amounts of profit through their years of knowledge. Timothy Sykes Before The 90 Days
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Before The 90 Days
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign to this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see the statistics of other traders this could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Before The 90 Days
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few more services it has to offer. One of those is its online store, where customers can select from a variety of video products designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is less active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able to select from the products on its store online that they can take with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know the way it functions and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like novices, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Before The 90 Days
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Before The 90 Days
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly want to become better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Before The 90 Days
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the ‘My Trade category on the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is a high chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.