The stock market can be an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to return to the point you were at your peak. If you are constantly stuck in the gutter, you will have to realize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you to improve your performance within the field. This review will be taking a look at Profit.ly A well-respected 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 Tom Sykes Unfall
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informative, transparent, accountable, and to build relationships with each other through its broad array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never previously done.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students as well as) giving anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Tom Sykes Unfall
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You may set up an account for free, but you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to show value to a group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may opt to post your trades, whether verified or not, via pictures. In Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in 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 penny stock market can be seen as an opportunity for small companies to move to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial amounts of money from their collective years of experience. Tom Sykes Unfall
At its height, 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 included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as text, e-mail 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 that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Tom Sykes Unfall
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for 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.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders, which could be a problem for those eager to try this new tier. Tom Sykes Unfall
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, and an additional 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a real-time space where experts and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. Some may be more laid back and less engaged, while another could be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as adept at handling trading matters but the experts already know the way it functions and the risky mix associated with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Tom Sykes Unfall
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous services the platform has to offer
The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Tom Sykes Unfall
What we mean”yes” is it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources helpful when they try their best to incur lesser loss and perform better than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tom Sykes Unfall
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 on the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.