Stock trading can be an exciting game with high stakes. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your peak. If you find yourself immersed in the water it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you to improve your performance in the market. In this review, we’ll be taking a look at Profit.ly is a well-known one-stop 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. 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 Packedge
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable responsible, transparent, and encouraging one another through its wide range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for communication and trade and letting traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The idea Sykes said served two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students, and 2) giving all users to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Packedge
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You may set up an account at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to show that you’re worthy to the community of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re 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. In Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account, and more ways to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market is an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trading professional. At 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their combined years of knowledge. Timothy Sykes Packedge
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is a great option for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Packedge
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed up for this package you’ll be given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. It is in this plan that you can set up a private profile to share with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics, which could be a disadvantage for those looking forward to this tier. Timothy Sykes Packedge
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all options of the previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to pick from a range of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You may be familiar with chat rooms since 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 place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One might be a laid-back person who is less active, while another may be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items in its online store to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! 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 showcase their skill to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Packedge
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Packedge
What we mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s range of resources useful when they try their best to avoid losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become better at trading and wish to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Packedge
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the “My Trade category on the dashboard that lets you record your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
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 is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market all over the world.