Stock trading is an extremely risky game. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to return to where you were your best. If you find yourself always in the mud, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant 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 within the field. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 Daily List
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative responsible, transparent, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Tim Sykes Daily List
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. You can create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate value to a large group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading is an opportunity for small companies to move to a market that is larger as it gives them access to capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious 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.” He then made use of the show to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational 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 earned substantial profits through their years of knowledge. Tim Sykes Daily List
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: the 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 take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for 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 premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as alerts for swing trading and access to a library of over 7,000 educational videos that are updated each week.
The following video is from “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. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Daily List
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets you to use a majority of features from The Novice package. This plan allows that you are able to create a private profile for sharing with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their trading skills. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, you will not be able view the statistics of other traders, which could be a disadvantage for those anticipating this level. Tim Sykes Daily List
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, and 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all features from the two prior plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be laid back and less engaged, while another could be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are on 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 Daily List
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the number of services that the platform can provide
The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you should have the ability to think with an open heart. Tim Sykes Daily List
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s array of resources useful as they do their best to reduce loss and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Daily List
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the My Trade category on the dashboard. It allows you to post your trades, either verified or not. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
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 to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.