Stock trading can be a high-stakes game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re always in the mud it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found an option that can help you in your growth in the market. We’ll take a look at Profit.ly A well-respected single-stop social platform to trade!
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 Anyone Learn With Timothy Sykes
User 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 encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades 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 transactions are legitimate and will not accept fake news as long as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that was never done before.” This idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus as well as students and newsletter writers as well as) allowing all users to be enlightened by the losses and wins for the trading industry’s benefit. Anyone Learn With Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared toward success. You can create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to prove value to a community of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an avenue for small businesses to transition to a large marketplace as they can access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning 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 earned substantial amounts of money from their combined years of experience. Anyone Learn With Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
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 for iOS as well as Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is a great option for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Anyone Learn With Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create an individual profile that allows you to share with other associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ stats this could be a disadvantage for those eager to try this new tier. Anyone Learn With Timothy Sykes
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create your own private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. Some may be a laid-back person who is not very often active, while another might be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging 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 library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts as well as their members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works along with the stack full of risks that come with it. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Anyone Learn With Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- As traders may opt to make any type 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 concern that should not be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the many features the platform is able to offer
The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with the answer, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Anyone Learn With Timothy Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may find Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than they did before. It’s not just the struggling traders that 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, look no further – Profit.ly is a fantastic alternative to start.
FAQ Anyone Learn With Timothy Sykes
What are the best ways to use 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 record your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities all over the world.