Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it could be very difficult to get back to where you were at your best. If you are always in the mud, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your improvement in the market. This review will be taking the time to look at Profit.ly A well-respected 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 Members
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading 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 previously done.” The idea Sykes said served two objectives: one) making public records for all traders, not just the gurus and newsletter writers and students, and 2) allowing all users to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes Members
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. You may set up an account on the site for free, but you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could opt to post your trades, either verified or not, via pictures. Also included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile, and more ways to connect 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 guru who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an avenue for small businesses to transition to a market that is larger as they can access capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. At the age of 25, he had been given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity 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 helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of expertise. Timothy Sykes Members
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, 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, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via 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 purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as email, text and push alerts and a daily stock watchlist.
Tim Sykes: 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 it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for 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 all-time trading profits. Timothy Sykes Members
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this plan, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you can set up a private profile to share with other associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to view the statistics of other traders that might be a drawback for some who may be eager to try this new tier. Timothy Sykes Members
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can select from a variety of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be laid back and less active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able select from the products from its online store that they can take with them wherever they go. 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 should not be viewed as an opportunity to make fun of.
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 novice traders may not be as well-equipped with managing trading however, experienced traders know how it works and the risky mix that come with it. It is ideal to make use of Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Members
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Members
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s array of resources helpful as they do their best to incur lesser losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Members
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the ‘My Trade category on the dashboard which allows you to post your trades that are verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.