The stock market can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to where you were your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. This review will take the time to 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.
Overall Rating: 4.1/5 Timothy Sykes Silver
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast array of options for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus, but also the newsletter writers and students as well as) giving anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Silver
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared toward success. You may set up an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as 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 shop from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, verified or otherwise, through pictures. In Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, 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 guru who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small businesses to transition to a large marketplace as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial profits through their years of experience. Timothy Sykes Silver
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, 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. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, such as alerts for swing trading and access to a library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Silver
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from a majority of features from the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to see the statistics of other traders this could be a problem for those anticipating this level. Timothy Sykes Silver
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they provide. One of these is its online store, which allows users to pick from a range of videos created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes from the Annual Pennystocking Conference, and other products by 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 concept of chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s 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 there. One might be laid back and less active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to the most experienced. With the variety of deals it offers, the platform surely has something for every person.
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 advice from its in-house gurus and members. Additionally, they can choose from the items in its online store to carry with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a risky 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 novice traders may not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to develop their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Silver
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 will receive excellent training and insights from its in-house gurus, including libraries of educational videos and 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 platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you should have curiosity. Timothy Sykes Silver
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Silver
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 allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of 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 seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.