Stock trading can be a high-stakes game. On some days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to the point you were at your peak. If you are constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your growth within the field. This review will be taking a 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. 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 Beyond Belief
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms 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 traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” This idea Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Tim Sykes Beyond Belief
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward achievement. You can create an account there for free, but you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community and its experts. It’s not just a way to demonstrate your worth to a group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may decide to share your trades, either verified or otherwise, through pictures. In Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus via chatrooms in addition to text and e-mail alerts and 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 Penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an avenue for small companies to move to a large marketplace as it gives them access to funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make substantial profits through their years of expertise. Tim Sykes Beyond Belief
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Beyond Belief
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they will 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. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. It is in this plan that you can create a private profile to share with other associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which could be a problem for those looking forward to this tier. Tim Sykes Beyond Belief
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, which includes a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of them is the online store, which lets users choose from a wide array of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. Some may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to them as people who are just beginning. Although the novices might 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 range of options to their maximum advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Tim Sykes Beyond Belief
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could 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 get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Beyond Belief
What we are referring to”yes” is it can be a great learning tool. People who are stuck may find Profit.ly’s variety of resources useful as they do their best to avoid loss and perform better than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become more successful in trading and would like to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Tim Sykes Beyond Belief
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the ‘My Trade category on the dashboard that lets you post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are 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 operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.
