The stock market can be an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to the point you were at your best. If you find yourself always in the mud You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve found an option that can help you in your growth within the field. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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 Daleela Farina
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are starting out as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter writers and students as well as) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Daleela Farina
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate value to a group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, then you could decide to share your trades, whether verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom in addition to text and e-mail alerts and 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 penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a large marketplace as it allows them to access money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to develop trading rooms and 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 place for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational 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 proven to make substantial profits from their combined years of expertise. Timothy Sykes Daleela Farina
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices; text, e-mail 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 program. Priced at $149.95 for a month it is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to a collection of more than 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 by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Daleela Farina
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s break down what these three tiers are and how much they will 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’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ statistics, which could be a problem for those who are anticipating this level. Timothy Sykes Daleela Farina
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month with 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating an individual profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the 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 nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You may be 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 member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members. One of them may be laid back and rarely active, while another might be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as proficient in managing trading however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Daleela Farina
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its main 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 variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed 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 Daleela Farina
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful in their efforts to avoid losses and be more successful than they did before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Daleela Farina
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three options:
- 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 import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.