Stock trading is a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be very difficult to get back to the point you were at your most productive. If you’re always in the mud, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes, Business Insider
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed, transparent, accountable, and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms and a rich 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 people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic 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 expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes, Business Insider
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate your worth to a community of traders, but you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, either verified or not, via pictures. Included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, in addition to 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 well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market could be viewed as an avenue for small companies to move into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of experience. Timothy Sykes, Business Insider
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single 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, as well as email, text 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 package. Priced at $149.95 per month, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes, Business Insider
The Superman Alerts plan is his offering of 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 and the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can create a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics this might be a drawback for those looking forward to this tier. Timothy Sykes, Business Insider
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. At $74.95 per month, and a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One of them may be a laid-back person who is less engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters but the experts already know the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Timothy Sykes, Business Insider
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and insights from its 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 with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes, Business Insider
What we mean”yes” is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s range of resources useful when they try their best to incur lesser loss and perform better than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be a better trader and want to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes, Business Insider
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade’ category of the dashboard. It lets you post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s 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 screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people are able to identify who is 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 on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities both right and left.
