Stock trading can be an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to the point you were at your best. If you’re immersed in the water it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you in your growth in the market. In this review, we’ll take 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 Picks
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed responsible, transparent, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” This idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus as well as newsletter writers and students as well as) making it possible for everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes Daily Picks
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. You may set up an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to prove value to a large group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small companies to move into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as 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 openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of expertise. Tim Sykes Daily Picks
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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 we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate 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 application that is available to iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
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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. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Daily Picks
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might 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 email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking 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 started. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for 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 could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you do want to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their expertise in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders, which might be a drawback for those eager to try this new tier. Tim Sykes Daily Picks
This is by far the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 each month with a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create your own private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader specialist 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 scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. They’ll also be able 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 ultimately, they will soon learn that this 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 road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Tim Sykes Daily Picks
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept 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: Is Profit.ly Valued?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have curiosity. Tim Sykes Daily Picks
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Daily Picks
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard that lets you record your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.