Stock trading is an extremely risky game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to where you were your most productive. If you are constantly stuck in the gutter, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement within the field. We’ll take an in-depth look at Profit.ly is a well-known 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 Michael Good Below Deck
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders new to trading and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad array of options for communication and trade, it helps traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines that the site. Consider it the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading 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 based “on the transparency of every trade, something that has never been prior to.” The concept was, he said, serving two purposes: 1) making public records for not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Michael Good Below Deck
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared toward success. You may set up an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at how the community of traders performs and its experts. You’re not just allowed to show that you’re worthy to the community of traders, but you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus through 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 trader who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market is an avenue for small businesses to transition to a market that is larger as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their combined years of expertise. Timothy Sykes Michael Good Below Deck
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most prominent gurus 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 the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when 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 and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Michael Good Below Deck
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also have an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan you’ll be given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your personal information public. If you do want to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. In this plan, that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their expertise in trading. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders this might be a drawback for some who may be anticipating this level. Timothy Sykes Michael Good Below Deck
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, which includes a 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating a private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One might be more laid back and not very often engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products on its store online to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as proficient in handling trading matters but the experts already know how it works along with the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Michael Good Below Deck
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you should have curiosity. Timothy Sykes Michael Good Below Deck
What we mean”yes” is it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s variety of resources helpful 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!
If you truly care about being a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Michael Good Below Deck
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the ‘My Trade category on the dashboard which lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable 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 submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
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 app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.