Stock trading is a high-stakes game. On certain days, you may have the benefit of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to get back to the point you were at your peak. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. In this review, we’ll take a look at Profit.ly A well-respected 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 Runner
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative, transparent, accountable, and encouraging one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those new to trading as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The idea, he added, served two goals: 1.) making public records for not just the gurus and students and newsletter writers as well as) giving anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes Runner
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 at achieving the success of their business. You may set up an account there at no cost, however you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into how the community of traders performs and its experts. You’re not just allowed to prove that you’re worthy to the community of traders, as you are also able to use Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you can choose to publish your trades, either verified or not, by taking photographs. In Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, 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 trader who is famously known for delving his hands into penny stock trading. According to Investopedia, a 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 avenue for small companies to move into a larger market because it gives them access to money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money through their years of experience. Timothy Sykes Runner
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: 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, this is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Runner
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
In “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 through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition you’ll also have access to premium research reports as well as the IPO and earnings tracker.
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 get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan 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 essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you do want to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats, which could be a problem for those who are anticipating this level. Timothy Sykes Runner
This is by far the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes an additional 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating a private profile. Both of these features, on top of all the advantages that you can utilize 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 the right choice for you!
Profit.ly’s Other Services
In addition to 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 pick from a range of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on place where gurus and their members can interact 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 laid back and not very often engaged, while another could be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room advice by its internal gurus and members. They’ll also be able choose from the items on its store online to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suited to the newcomers. Although the novices might not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may use Profit.ly’s range of features to their best advantage to enhance their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Runner
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you need to have curiosity. Timothy Sykes Runner
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s array of resources to be helpful in their efforts to reduce losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Runner
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the ‘My Trade’ category of the dashboard that lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.