Stock trading is an extremely risky game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered occasional losses 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 globe. That’s why we’ve discovered an online platform that will help you in your growth in the industry. We’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tradetobefree Timothy Sykes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad array of options for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform 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 expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus, but also the students and newsletter writers as well as) allowing everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Tradetobefree Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed toward achievement. You can create an account there at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus 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.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to show that you’re worthy to the large group of traders, as you can also utilize Profit.ly to purchase 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 information about your account with a brokerage, then you could decide to share your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile and other methods to communicate with your gurus through the chatroom 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 well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small companies to move into a larger market because it gives them access to capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as a trader. At the age of 25, he had been given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have made substantial profits through their years of knowledge. Tradetobefree Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Tradetobefree Timothy Sykes
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed up for this package, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort and filter your trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you do want to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from the majority of features available in The Novice package. This plan allows that you can set up an account that is private to share with other associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a problem for those who are looking forward to this tier. Tradetobefree Timothy Sykes
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 each month and an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, which allows users to pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the members there. Some may be laid back and rarely engaged, while another could be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able choose from the items in its online store to carry with them wherever they be. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works along with the risky mix associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Tradetobefree Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Tradetobefree Timothy Sykes
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s range of resources to be helpful when they try their best to avoid losses and perform better than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Tradetobefree Timothy Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade is authentic 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 blue check mark. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of operating 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 trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.