Stock trading can be an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your most productive. If you find yourself immersed in the water You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your growth in the industry. This review will be taking an in-depth 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 Student
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those new to trading and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as the social media equivalent like Facebook and Reddit, but for experts 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 trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” This idea, he added, served two goals: 1.) making public records for all traders, not just the gurus and students and newsletter writers, and 2) giving all users to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Student
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared at achieving success. It is possible to create an account on the site for free, but you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its experts. It’s not only a chance to show your worth to a group of traders. You are also able to use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through screenshots. In Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place of 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 variety of learning 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 made significant amounts of profit from their collective years of knowledge. Timothy Sykes Student
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices; text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is a great option for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
From “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. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Student
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. On top of the essentials included 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 the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics that could be a disadvantage for those looking forward to this tier. Timothy Sykes Student
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, and 22% off when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. One of them may be laid back and less active, while another may be more interactive and online to their pupils. Think of the chatrooms 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 caters to an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that this is a high-stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as adept at managing trading, the pros already understand the way it functions and the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Student
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You will receive excellent training and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- Since traders can choose to make any type 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 concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to provide
The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you need to have an open mind. Timothy Sykes Student
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Student
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.