The stock market can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your peak. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous 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 industry. We’ll take a look at Profit.ly is a well-known one-stop 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.
Overall Rating: 4.1/5 Timothy Sykes Besides Pennymac
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are just beginning their journey as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” This idea Sykes said served two purposes: 1) making public records for not just the gurus and newsletter writers and students and secondly) allowing all users to be enlightened by the losses and wins to the benefit of the trading industry. Timothy Sykes Besides Pennymac
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. It is possible to create an account at no cost, however you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offers, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to prove your worth to a community of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you may decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom as well as 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 trader who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small businesses to transition into a larger market because they can access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete 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 company’s internal gurus. Gurus are referred to the trading experts who have earned significant amounts of profit through their years of expertise. Timothy Sykes Besides Pennymac
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices, text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Besides Pennymac
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready 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 going. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private account, making your actions public. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s new 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 an individual profile that allows you to share with other associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ stats this could be a problem for those who are anticipating this level. Timothy Sykes Besides Pennymac
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating an individual profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of other services they provide. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and not very often active, while another may be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products from its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to the newcomers. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Besides Pennymac
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to make any type of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Besides Pennymac
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s array of resources useful as they do their best to incur lesser losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Besides Pennymac
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the “My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.