The stock market can be a high-stakes game. On certain days, you might 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 return to where you were at your most productive. If you are always in the mud, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth within the field. This review will take the time to 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.
Total Rating: 4.1/5 Tim Sykes Book
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed responsible, transparent, and encouraging each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people new to trading as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two goals: 1.) keeping track of public data for not just the gurus, but also the students and newsletter writers and secondly) allowing all users to be enlightened by both the wins and losses to benefit the industry of trading. Tim Sykes Book
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared towards achieving success. You may set up an account on the site at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to show your worth to a community of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, verified or not, by taking screenshots. Also included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts via chatrooms along with text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial amounts of money through their years of expertise. Tim Sykes Book
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Book
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats that could be a problem for those who are anticipating this level. Tim Sykes Book
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, and an additional 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all options of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of more services it has to provide. One of them is the online store, where customers can choose from a wide array of video products created to provide guidance on the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes from the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and in 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 with their students. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items 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, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Tim Sykes Book
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep an open mind. Tim Sykes Book
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources helpful as they do their best to avoid losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Book
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the My Trade’ category of the dashboard. It allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
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 app version works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.