Stock trading can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to return to the point you were at your peak. If you’re constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation might not 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, which is why we’ve identified an option that can help you in your improvement in the industry. This review will take a look at Profit.ly is a well-known 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 Amc
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that was never done before.” The concept Sykes said served two goals: 1.) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for all users to learn from both the wins and losses to benefit the industry of trading. Tim Sykes Amc
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared at achieving success. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor 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 join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its gurus. You’re not just allowed to prove that you’re worthy to the community of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, verified or otherwise, through pictures. In Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
> > Click Here to Check Out Profit.ly < <
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market 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 money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of expertise. Tim Sykes Amc
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is a great option for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
> > Click Here to Check Out Profit.ly < <
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Amc
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this plan you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. This plan allows that you can set up an account that is private to share with other associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ stats, which might be a drawback for those who are eager to try this new tier. Tim Sykes Amc
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, with 22% off when billed annually the Pro plan has everything. It gives you full, unlimited access to all features from the two prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to pick from a range of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
> > Click Here to Check Out Profit.ly < <
The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able to select from the products on its store online for them to take wherever they may be. They can also gain hands-on experience trading on the platform, however they’ll realize that the process is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like beginners, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Tim Sykes Amc
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately take advantage of the numerous features the platform is able to provide
> > Click Here to Check Out Profit.ly < <
The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Tim Sykes Amc
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Amc
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the “My Trade section of the dashboard. It lets you record your trades, verifiable or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s dishonest in posting 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 using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.
