Stock trading can be an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it could be very difficult to return to the point you were at your peak. If you’re immersed in the water it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your improvement in the industry. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Traderexpo Tim Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad array 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 which serves as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that was never previously done.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students and secondly) giving everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Traderexpo Tim Sykes
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed towards achieving achievement. You may set up an account at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time You’ll need to join 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’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to show value to a group of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account you can opt to post your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, 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 the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small businesses to transition to a large marketplace as they can access funds from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their collective years of knowledge. Traderexpo Tim Sykes
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: Founder as well as 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, as well as texts, emails 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional 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 trading profits. Traderexpo Tim Sykes
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of many of the features of the Novice plan. This plan allows that you can create an account that is private to share with other associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ stats this might be a drawback for those who are looking forward to this tier. Traderexpo Tim Sykes
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately 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 and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You may be familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be more laid back and rarely active, while another may be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they be. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as proficient in managing trading, the pros already understand how it works along with the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Traderexpo Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have an open mind. Traderexpo Tim Sykes
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s array of resources helpful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Traderexpo Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard that lets you record your trades, either verified or not. There are three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to 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 assist each other to grow and learn more about acquiring stock market opportunities left and right.