Stock trading can be an exciting game with high stakes. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were at your peak. If you are always in the mud, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement within the field. We’ll take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Software
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed responsible, transparent, and to build relationships with each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people new to trading and as a hub for traders who are experienced to monitor their performance with the help 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 connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” This idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers and secondly) giving everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Software
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You may set up an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest 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 deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at their performance as a trading group and its gurus. It’s not just a way to show that you’re worthy to the group of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you may choose to publish your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile, and more ways to interact with your experts via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is an avenue for small companies to move to a market that is larger as it gives them access to money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25, he had been given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have made significant amounts of profit from their collective years of expertise. Timothy Sykes Software
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus 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 has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as 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 package. Priced at $149.95 monthly, it is a great option for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with 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 all-time trading profits. Timothy Sykes Software
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that cater to traders of different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your actions public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to see the statistics of other traders this could be a problem for those who are looking forward to this tier. Timothy Sykes Software
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes 22% off for billing annually This plan offers it all. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is less active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Software
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- If traders decide to make any type of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Software
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s array of resources helpful when they try their best to reduce losses and be more successful than they did before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Software
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard. It allows you to post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.