Stock trading is a high-stakes game. On certain 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 get back to where you were at your best. If you are always in the mud it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your improvement within the field. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 Motley Fool
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines that the site. Consider it a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic 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 expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea Sykes said served two goals: 1.) making public records for everyone, not just the experts and students and newsletter writers, and 2) making it possible for all users to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Motley Fool
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving success. You may set up an account there for free, but you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, either verified or not, via pictures. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small businesses to transition into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trader. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of experience. Timothy Sykes Motley Fool
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of 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. With that taken into consideration, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, text, e-mail and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included 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, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Motley Fool
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also have access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing 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 have access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of many of the features of the Novice plan. This plan allows that you can set up a private profile to share with other associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their trading skills. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view the statistics of other traders that might be a drawback for those who are anticipating this level. Timothy Sykes Motley Fool
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can pick from a range of videos created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and scenes of the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a space where experts and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be more laid back and less active, while another may be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as adept at handling trading matters but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as 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 assist them in the ever-changing trading process. Timothy Sykes Motley Fool
Profit.ly’s Pros and Cons
- Profit.ly’s numerous 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 taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Motley Fool
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Motley Fool
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the “My Trade section of 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 transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are 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 grow and learn more about acquiring stock market opportunities left and right.