Stock trading is a high-stakes game. On certain days, you might have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your peak. If you find yourself always in the mud, you will have to realize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth within the field. We’ll be taking a look at Profit.ly A well-respected 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 Rank
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created many years ago 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 the entire spectrum of trades, something which was never done before.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) allowing anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Rank
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward success. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at the performance of the trading community and its experts. It’s not just a way to prove your worth to a large group of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could choose to publish your trades, verified or not, via pictures. Also included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, along with 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 trading guru who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading can be seen as an opportunity for small companies to move to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their collective years of knowledge. Timothy Sykes Rank
At its peak, Profit.ly had housed up to five gurus, all of them an expert 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, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Rank
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their trading skills. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see other traders’ stats that could be a problem for some who may be looking forward to this tier. Timothy Sykes Rank
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off for billing annually This plan offers everything. You will have full, unrestricted access to all features of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create an individual profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be laid back and rarely active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able select from the products on its store online to carry with them wherever they go. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that the process is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to those who are just starting. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the risky mix that it carries. It is ideal to make use of Profit.ly’s variety of features to their best advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Timothy Sykes Rank
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers 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 needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Rank
What we mean”yes” is it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and be more successful than before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Rank
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the My Trade category on the dashboard which lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.