The stock market can be an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to return to the point you were at your most productive. If you’re always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the market. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Legitimacy Of Timothy Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The concept, he added, served two goals: 1.) making public records for all traders, not just the gurus and newsletter writers and students and secondly) giving all users to learn from the losses and wins to benefit the industry of trading. Legitimacy Of Timothy Sykes
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed toward achievement. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor 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 that we’ll review in the coming days.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at how the community of traders performs as well as its experts. You’re not just allowed to show your worth to a group of traders, as you can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks is an opportunity for small companies to move to a large marketplace as it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms and 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 platform for transparency 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 vast array of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial profits through their years of expertise. Legitimacy Of Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field 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 only two gurus 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. In light of that Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts and unlimited access to a rich 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 name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Legitimacy Of Timothy Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll 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 community. As you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral 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 program is the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re interested in have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets users to benefit from the majority of features available in the Novice plan. In this plan, that you can set up an account that is private to share with other associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for those eager to try this new tier. Legitimacy Of Timothy Sykes
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all features from the two prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to pick from a range of instructional videos that are 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 purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. Some may be laid back and less active, while another might be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, however, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks that come with it. It is ideal to use Profit.ly’s range of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Legitimacy Of Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout 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 a way to build 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 unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous packages and services offered could not be enough for most of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Legitimacy Of Timothy Sykes
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really want to become a better trader and want to be taught by your peers and experts on the way, look no further – Profit.ly may be a great option to begin.
FAQ Legitimacy Of Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the My Trade section of the dashboard which lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.