Stock trading is an extremely risky game. Some days, you might have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your peak. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified an online platform that will help you to improve your performance within the field. This review will be taking a 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 Can’T Teach
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed responsible, transparent, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students and secondly) making it possible for all users to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Can’T Teach
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at how the community of traders performs and its gurus. You’re not just allowed to demonstrate value to a large group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, either verified or not, via pictures. Included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts through the chatroom in addition to 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 trader who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The penny stock market can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money from their collective years of expertise. Tim Sykes Can’T Teach
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Can’T Teach
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with other associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders this could be a disadvantage for some who may be looking forward to this tier. Tim Sykes Can’T Teach
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month which includes 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all features of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You are probably familiar with chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. One of them may be more laid back and less active, while another may be more online and communicative with their students. Think of 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 the wide range of stock traders, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available from its online store that they can take 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 those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Tim Sykes Can’T Teach
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. Tim Sykes Can’T Teach
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s variety of resources to be helpful as they do their best to incur lesser loss and perform better than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Can’T Teach
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades in the My Trade’ category of the dashboard which allows you to post your trades, either verified or not. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
