Stock trading is an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve found a platform that can support you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Tim Sykes 30 Day Boot
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
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 trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was based “on showing all trades, something that has never been previously done.” This idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes 30 Day Boot
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared toward achievement. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at how the community of traders performs and its experts. It’s not only a chance to show that you’re worthy to the community of traders, but you can also utilize Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging your brokerage account, then you could choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to connect with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. At 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of experience. Tim Sykes 30 Day Boot
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; 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 highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tim Sykes 30 Day Boot
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. On top of the essentials that are 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 access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed to this plan you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you can set up an account that is private for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to view the statistics of other traders that could be a problem for those eager to try this new tier. Tim Sykes 30 Day Boot
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro plan is 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, where customers can pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. Some may be laid back and rarely active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as proficient in dealing with trading issues but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Tim Sykes 30 Day Boot
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- 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 credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep an open mind. Tim Sykes 30 Day Boot
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may find Profit.ly’s array of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Tim Sykes 30 Day Boot
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade category on the dashboard that lets you post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does 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 is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.