The stock market can be an extremely risky game. Some days, you may be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to return to where you were at your peak. If you are always in the mud You will need to realize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the market. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes 7 Step Framework
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those new to trading and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never prior to.” The concept Sykes said served two purposes: 1) making public records for everyone, not just the experts as well as newsletter authors and students and secondly) giving everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Tim Sykes 7 Step Framework
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. It is possible to create an account on the site for free, but you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re looking 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 deals, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its experts. It’s not just a way to prove that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may decide to share your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile and other methods to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a market that is larger as they can access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trader. At 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits through their years of experience. Tim Sykes 7 Step Framework
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated weekly.
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In “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. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes 7 Step Framework
The Superman Alerts package is his offer of the most essential 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 as well as the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you do want to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the Novice plan. In this plan, that you can create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their trading skills. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics this could be a problem for those who are looking forward to this tier. Tim Sykes 7 Step Framework
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month which includes 22% off for annual billing the Pro plan has everything. You will have full, unrestricted access to all options 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 your own private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of 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 help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You may be familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed 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 listed members there. One of them may be a laid-back person who is less active, while another might be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to select from the products on its store online for them to take wherever they go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works and the risky mix associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Tim Sykes 7 Step Framework
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have the ability to think with an open heart. Tim Sykes 7 Step Framework
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful as they do their best to reduce losses and be more successful than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be better at trading and wish to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes 7 Step Framework
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard that lets you record your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and then 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 whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 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 stock market opportunities left and right.
