Stock trading can be a high-stakes game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to get back to where you were at your most productive. If you’re always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth in the market. In this review, we’ll take a look at Profit.ly, a well-recognized all-in-one social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Besides Penny
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Think of it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as newsletter authors and students, and 2) giving all users to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Besides Penny
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed towards achieving success. It is possible to create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts 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.
Setting up an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to demonstrate your worth to a large group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as a stepping stone for small businesses to transition into a larger market because they can access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. When he was 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of experience. Timothy Sykes Besides Penny
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices; texts, emails, 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 program. At $149.95 for a month this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Besides Penny
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you can set up an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders, which could be a problem for those who are looking forward to this tier. Timothy Sykes Besides Penny
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes a 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users pick from a range of video products designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. One might be a laid-back person who is not very often engaged, while another could be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to choose from the items on its store online that they can take with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know the way it functions and the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Besides Penny
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Besides Penny
What we mean”yes” is it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful in their efforts to avoid loss and perform better than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Besides Penny
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the “My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.