The stock market can be a high-stakes game. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be very difficult to return to the point you were at your best. If you find yourself always in the mud, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll 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 growth within the field. This review will take an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Timothy Sykes List
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and encouraging each other through its broad variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on 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 transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” This idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students and secondly) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes List
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed at achieving the success of their business. You may set up an account on the site at no cost, however you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to prove value to a large group of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may opt to post your trades, whether verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus through the chatroom as well as 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 trader 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 shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small companies to move to a market that is larger as it allows them to access funds 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 expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their collective years of knowledge. Timothy Sykes List
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this 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 we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, as well as 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 monthly, it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes List
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you do want to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. This plan allows that you are able to create a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats that could be a disadvantage for those who are anticipating this level. Timothy Sykes List
Pro Plan
This is by far the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with 22% off when billed annually This plan offers everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be 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 videos created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly the chat room is viewed as a area where experts and members trade and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and rarely engaged, while another could be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to those who are just starting. While the newbies may not be as proficient in managing trading but the experts already know how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes List
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts 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 as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous packages and services offered could be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes List
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes List
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade’ category of the dashboard which allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
