Stock trading is an extremely risky game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to return to the point you were at your peak. If you’re immersed in the water it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your growth in the market. We’ll take an in-depth look at Profit.ly is a well-known all-in-one 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.
Total Rating: 4.1/5 Timothy Sykes Podcast
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two goals: 1.) making public records for not just the gurus as well as newsletter authors and students as well as) making it possible for anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes Podcast
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared towards achieving achievement. You may set up an account there at no cost, however you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at how the community of traders performs and its gurus. It’s not just a way to demonstrate value to a group of traders, but you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could decide to share your trades, either verified or otherwise, through pictures. In Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus through the chatroom as well as notifications via email or text 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 his involvement 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 can be seen as a stepping stone for small businesses to transition to a large marketplace as it gives them access to capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have made substantial amounts of money from their collective years of experience. Timothy Sykes Podcast
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
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; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated every week.
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The following video is from “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. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Podcast
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders at 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 basic plan that is designed specifically for people who are brand new to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you do want to have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their skills in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics that could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Podcast
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, which includes an additional 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create an individual profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can select from a variety of video products that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be more laid back and rarely active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a risky game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks that come with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Podcast
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of 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 will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep an open mind. Timothy Sykes Podcast
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful in their efforts to avoid loss and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Podcast
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade category on the dashboard. It allows you to post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with most 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 seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.