Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses 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 trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. This review will take an in-depth 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 Companies That Tim Sykes Invested In
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative responsible, transparent, and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site 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 with the help of sophisticated analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two goals: 1.) making public records for everyone, not just the experts and newsletter authors and students as well as) making it possible for everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Companies That Tim Sykes Invested In
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared towards achieving the success of their business. You can create an account on the site at no cost, however you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove your worth to a group of traders. You can also utilize Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the idea of divulging your brokerage account, then you could decide to share your trades, verified or not, via pictures. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile as well as other ways to interact with your experts via chatrooms as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small companies to move to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it’s also 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, made an estimated $6 million profits through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. Companies That Tim Sykes Invested In
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field 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. As of this writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Companies That Tim Sykes Invested In
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this package you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort and filter your trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. This plan allows that you are able to create an account that is private to share with other associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics this could be a disadvantage for those who are looking forward to this tier. Companies That Tim Sykes Invested In
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, which allows users to choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are included in Profit.ly’s range of features and services. You are probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One might be a laid-back person who is rarely active, while another might be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can select from the products from its online store for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works along with the risky mix that it carries. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to enhance their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Companies That Tim Sykes Invested In
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the many features the platform is able to offer
The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you need to have curiosity. Companies That Tim Sykes Invested In
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s range of resources to be helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Companies That Tim Sykes Invested In
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning 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 seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.