Stock trading is an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to get back to where you were at your most productive. If you are immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement within the field. We’ll take the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Steve Harvey
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as 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 then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not 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 his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter authors and students and secondly) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Timothy Sykes Steve Harvey
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You can create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community and its gurus. It’s not just a way to show your worth to a community of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or not, via screenshots. Also included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because 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 in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as a trader. At the age of 25, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of expertise. Timothy Sykes Steve Harvey
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. 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, however, 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 take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Steve Harvey
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to use many of the features of the Novice plan. In this plan, that you can set up a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their skills in trading. As nice as it seems, there is one significant aspect that’s not included. 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 looking forward to this tier. Timothy Sykes Steve Harvey
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few other services they offer. One of these is its online store, which lets users pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is less active, while another might be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able choose from the items on its store online that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that trading 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 for them as it is for people who are just beginning. Although the novices might not be as adept at managing trading but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices 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 the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Steve Harvey
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- If traders decide to make any type of trade, there is a possibility that some of them could profit from picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you should have an open mind. Timothy Sykes Steve Harvey
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be better at trading and wish to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Steve Harvey
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the “My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store 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 currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.