Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were at your best. If you’re immersed in the water it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your improvement within the field. In this review, we’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Twitter Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed, transparent, accountable, and to build relationships with each other through its broad variety 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 site which serves as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner 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 it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students and secondly) making it possible for everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Twitter Tim Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared at achieving the success of their business. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show that you’re worthy to the group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you are unsure about the idea of sharing the details of your broker account you can choose to publish your trades, verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to connect with your gurus in 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 trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of experience. Twitter Tim Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most prominent experts 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 and 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 packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices; texts, emails, 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 package. It costs $149.95 per month, this is a great option for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to a 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 swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Twitter Tim Sykes
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
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 tools to get you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include 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 the results of your analysis, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you can create a private profile to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics, which could be a problem for those anticipating this level. Twitter Tim Sykes
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month which includes 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all the 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 your own private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings 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 trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes 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 the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Think of chatrooms as 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 trader types, from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips from the in-house experts and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to those who are just starting. Although the novices might not be as adept at managing trading however, experienced traders know how it works and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Twitter Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- 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 provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you should have an open mind. Twitter Tim Sykes
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Twitter Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the ‘My Trade’ category of the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities left and right.
