The stock market can be a high-stakes game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to get back to the point you were at your most productive. If you’re immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your growth within the field. In this review, we’ll be taking a 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.
Total Rating: 4.1/5 Tom Sykes Amie Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people new to trading and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar to Facebook and Reddit, but for traders and experts.
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 trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept, he added, served two objectives: one) creating public track records for not just the gurus and newsletter writers and students and secondly) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Tom Sykes Amie Sykes
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed towards achieving success. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into how the community of traders performs and its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you may decide to share your trades, verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market can be seen as an opportunity for small businesses to transition into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, 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 variety of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Tom Sykes Amie Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the 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 the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru has to offer.
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 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next possible moves in 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 for iOS as well as 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 most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans such as alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tom Sykes Amie Sykes
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your hands on what we could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you do want to get an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up a private profile to share with other associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ stats this could be a problem for some who may be eager to try this new tier. Tom Sykes Amie Sykes
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on 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 hands-on area where experts and members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. Some may be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products in its online store to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to them as those who are just starting. While the newbies may not be as adept at managing trading however, experienced traders know how it works and the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to improve their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Tom Sykes Amie Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Tom Sykes Amie Sykes
What we do mean”yes” is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Tom Sykes Amie Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade category on the dashboard that allows you to post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are 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 grow and learn more about acquiring opportunities in the stock market both right and left.
