Stock trading is an extremely risky game. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your peak. If you find yourself immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve found a platform that can support you in your improvement within the field. In this review, we’ll take a 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 Outside Lands
Users 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 to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those who are just beginning their journey and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast array of options for communication and trade and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” This idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter authors and students and secondly) giving all users to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Outside Lands
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared toward the success of their business. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will go over shortly.
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 the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group as well as its experts. It’s not just a way to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account then you could opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number 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 via chatrooms as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Timothy Sykes Outside Lands
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, 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. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with 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 Outside Lands
The Superman Alerts package is his package of vital 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 application, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish with 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 giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. In this plan, that you can set up a private profile to share with other associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders, which could be a problem for those anticipating this level. Timothy Sykes Outside Lands
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, with a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be laid back and rarely active, while another may be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able choose from the items from its online store for them to take wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as proficient in managing trading however, experienced traders know how it works along with the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Outside Lands
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll 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 by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Outside Lands
What we mean”yes” is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s range of resources useful in their efforts to avoid loss and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Outside Lands
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the “My Trade section of the dashboard which lets you record your trades, either verified or not. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into 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 import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
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 version of the app works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.