Stock trading is an extremely risky game. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your peak. If you’re immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve found an option that can help you to improve your performance in the market. In this review, we’ll take the time to look at Profit.ly is a well-known single-stop social platform to trade!
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 Book Review
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are starting out and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” This idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter authors and students, and 2) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Tim Sykes Book Review
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed toward success. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to show your worth to a community of traders. You are also able to use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may opt to post your trades, verified or otherwise, through photographs. In Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as they can access capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial amounts of money through their years of knowledge. Tim Sykes Book Review
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus 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 look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as 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 most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Book Review
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research 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 make a mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three tiers are and how much they will 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. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. It is in this plan that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their trading skills. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders that could be a problem for those looking forward to this tier. Tim Sykes Book Review
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, with 22% off when billed annually the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, which allows users to select from a variety of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes from The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But 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 way in operating their chat room and dealing with the members there. Some may be laid back and not very often active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based 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 to carry with them wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. Although the novices might not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the experts 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 and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes Book Review
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s numerous packages and products offered may not be enough for most of its users
- If traders decide to make any type of trade, there is an opportunity that some them could profit from selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, it is best to keep curiosity. Tim Sykes Book Review
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like 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 Book Review
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade section of the dashboard which lets you record your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.