Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter You will need to realize that relying on your instincts and preserving 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. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your improvement in the industry. In this review, we’ll be taking an in-depth 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
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus and newsletter authors and students, and 2) giving all users to learn from the losses and wins to benefit the industry of trading. Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared toward achievement. You can create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs and its gurus. You’re not just allowed to show value to a group of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account you may choose to publish your trades, whether verified or not, by taking photographs. In Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account and other methods to connect with your gurus 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 trader who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. At the age of 25, he had been given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” Then, 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 just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made significant amounts of profit from their combined years of expertise. Timothy Sykes
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 prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this 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 look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A standalone purchase from 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, text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. Alongside the standard features featured 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 have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use the majority of features available in the novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats that might be a drawback for those who are anticipating this level. Timothy Sykes
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all features of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of these is its online store, which lets users pick from a range of video products created to guide you through the ins and outs of trading. The products listed 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 by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room 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 the chat room is viewed as a real-time place where gurus and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be laid back and rarely engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items in its online store for them to take wherever they may go. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because its premium users will immediately benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you need to have an open mind. Timothy Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s array of resources useful as they do their best to incur lesser losses and be more successful than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the “My Trade section of the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits 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.
