Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your peak. If you are always in the mud, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth in the market. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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 Trading Software Timothy Sykes
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Think of it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert 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 prior to.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) giving all users to gain insight into the losses and wins to benefit the industry of trading. Trading Software Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared toward the success of their business. It is possible to create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its experts. It’s not only a chance to prove your worth to a community of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through pictures. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as they can access money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish 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 sweet inclusions is the variety of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned significant amounts of profit from their collective years of expertise. Trading Software Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the most prominent gurus included 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: 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 we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides 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 see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Trading Software Timothy Sykes
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics this could be a problem for those anticipating this level. Trading Software Timothy Sykes
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be more laid back and not very often active, while another may be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging 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 get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to people who are just beginning. Although the novices might not be as proficient in handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to develop their trading skills. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Trading Software Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable 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 variety of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. Trading Software Timothy Sykes
What we mean”yes” is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources useful in their efforts to reduce losses and be more successful than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you truly want to become better at trading and wish to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Trading Software Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the “My Trade category on the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.