Stock trading is an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your most productive. If you’re immersed in the water You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your improvement 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. 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 Beyond Belief
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine 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 style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was based “on showing all trades, something that was never previously done.” The concept, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter authors and students, and 2) giving anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Beyond Belief
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared towards achieving achievement. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to prove your worth to a community of traders, as you can also utilize 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 are unsure about the idea of sharing the details of your broker account you may decide to share your trades, whether verified or not, via photographs. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small-scale businesses to make the transition into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money from their collective years of expertise. Timothy Sykes Beyond Belief
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Beyond Belief
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign to this plan you’ll be given a slew of robust and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. This plan allows that you are able to create a private profile to share with other associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for some who may be anticipating this level. Timothy Sykes Beyond Belief
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, with an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features from the two prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating your own private profile. Both of these options, in addition to 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 a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users select from a variety of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. Some may be laid back and not very often engaged, while another could be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can choose from the items in its online store to carry with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks that come with it. It is ideal to use Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Beyond Belief
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including 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 if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is an opportunity that some 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 its premium users are expected to immediately benefit from the many services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you need to have curiosity. Timothy Sykes Beyond Belief
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources to be helpful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Beyond Belief
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
What can I do to determine 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 shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.