Stock trading can be a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it can be extremely difficult to return to the point you were at your best. If you’re always in the mud You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth in the industry. 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.
Total Rating: 4.1/5 Timothy Sykes Neil Patel
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders new to trading and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals 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 trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) giving everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Neil Patel
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward achievement. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and observe 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 join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate value to a large group of traders, as you can also use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile and other methods to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money through their years of knowledge. Timothy Sykes Neil Patel
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, as well as email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Neil Patel
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you up and running. 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 will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. This plan allows that you are able to create a private profile for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their expertise in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats this could be a problem for those who are looking forward to this tier. Timothy Sykes Neil Patel
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating your own private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can select from a variety of video products created to guide you through the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny 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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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be more laid back and rarely active, while another may be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array 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 short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Neil Patel
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. Timothy Sykes Neil Patel
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful when they try their best to incur lesser losses and be more successful than 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 truly care about being better at trading and wish to learn from your peers and experts on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Neil Patel
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade’ category of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market all over the world.