The stock market can be an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your most productive. If you find yourself immersed in the water, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your growth in the industry. In this review, we’ll be taking 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 Tim Sykes Above The Rest
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative, transparent, accountable, and uplifting with each other through its broad range of features and tools including chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are starting out as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The idea was, he said, serving two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes Above The Rest
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to prove your worth to a large group of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because they can access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious 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 then took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits through their years of expertise. Tim Sykes Above The Rest
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 included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on 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 most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tim Sykes Above The Rest
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. It is in this plan that you are able to create an account that is private to share with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats this could be a disadvantage for those who are looking forward to this tier. Tim Sykes Above The Rest
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create a private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which lets users select from a variety of videos that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be laid back and rarely active, while another may be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in the 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, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they may travel. You can also get hands-on experiences from trading within the platform, however, they will soon learn 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 road, we consider Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. Like novices, they can study from the gurus and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Tim Sykes Above The Rest
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the 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 whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable 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 unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous packages and products offered may be too much for a lot of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from 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 because the premium customers will immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you should have curiosity. Tim Sykes Above The Rest
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and perform better than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Tim Sykes Above The Rest
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the ‘My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as 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 is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.