Stock trading can be an extremely risky game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were your best. If you are always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered an option that can help you in your improvement in the industry. In this review, we’ll take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profit Ly Timothy Sykes
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed and accountable, as well as transparent and encouraging one another through its 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 trading site that functions as a training and learning platform for people who are starting out as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” The concept, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers as well as) making it possible for anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profit Ly Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed at achieving success. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to show value to a community of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes 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 text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their collective years of experience. Profit Ly Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, 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. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profit Ly Timothy Sykes
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of many of the features of The Novice package. This plan allows that you can create an account that is private to share with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats, which might be a drawback for those who are looking forward to this tier. Profit Ly Timothy Sykes
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, which includes a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which lets users select from a variety of video products created to guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be laid back and rarely active, while another might be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts and their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they travel. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Profit Ly Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you need to have curiosity. Profit Ly Timothy Sykes
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and be more successful than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Profit Ly Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the My Trade section of the dashboard which lets you post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is 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 on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.