The stock market can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were your most productive. If you are always in the mud You will need to realize 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. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your growth in the industry. We’ll take a look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 7 Step Framework Tim Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people who are just beginning their journey and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. 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 checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving anyone on the platform to learn from both the wins and losses to benefit the industry of trading. 7 Step Framework Tim Sykes
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You can create an account for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can decide to share your trades, verified or otherwise, through photographs. In Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into the penny-stock market. 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 could be viewed as an avenue for small businesses to transition to a market that is larger as they can access capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their combined years of experience. 7 Step Framework Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both 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 profits. 7 Step Framework Tim Sykes
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base 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 a growing library of all previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this package, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
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; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. In this plan, that you can create a private profile to share with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their trading skills. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ statistics, which could be a problem for some who may be anticipating this level. 7 Step Framework Tim Sykes
This is by far the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, with 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create 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 account that will give you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, where customers can select from a variety of video products created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One might be laid back and less active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able select from the products on its store online that they can take with them wherever they go. You can also get hands-on experiences from trading within the platform, however they’ll realize that trading is a risky game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade 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 skill to others as a way to navigate them through the ever-changing trading process. 7 Step Framework Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the many services that the platform can offer
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. 7 Step Framework Tim Sykes
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ 7 Step Framework Tim Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities both right and left.