Stock trading is a high-stakes game. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to the point you were at your best. If you’re constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you to improve your performance in the industry. This review will take an in-depth look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Broker
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances 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 accept fake news as long as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” This idea Sykes said served two goals: 1.) making public records for everyone, not just the experts as well as newsletter writers and students, and 2) giving everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Broker
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared at achieving the success of their business. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not only a chance to prove that you’re worthy to the large group of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident in their skills and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks is an opportunity for small companies to move to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial profits through their years of knowledge. Timothy Sykes Broker
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Broker
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. In this plan, that you can create an account that is private for sharing with fellow associate users all your knowledge 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 catering to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders that could be a disadvantage for some who may be anticipating this level. Timothy Sykes Broker
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, and an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can pick from a range of video products created to help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “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 aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You are probably familiar with the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One might be more laid back and rarely active, while another might be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they be. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as proficient in managing trading however, experienced traders know the way it functions and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Broker
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and insights from its 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 with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Broker
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s array of resources helpful when they try their best to avoid loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you truly want to become more successful in trading and would like to be taught by 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 Broker
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.