Stock trading can be an extremely risky game. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it could be very difficult to return to the point you were at your best. If you are always in the mud it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you to improve your performance within the field. This review will take a look at Profit.ly A well-respected all-in-one 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 Watch List
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people new to trading and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries that the site. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been done before.” The concept, he added, served two goals: 1.) making public records for all traders, not just the gurus and newsletter writers and students as well as) giving all users to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes Daily Watch List
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. You may set up an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the activities 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 join one of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to show that you’re worthy to the group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may choose to publish your trades, verified or otherwise, through photographs. In Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as a trader. At the age of 25 Sykes was given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency 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 variety of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial amounts of money from their collective years of knowledge. Tim Sykes Daily Watch List
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this 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 take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Daily Watch List
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan 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 indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. This plan allows that you are able to create a private profile to share with other associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ stats this might be a drawback for those eager to try this new tier. Tim Sykes Daily Watch List
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of other services they provide. One of these is its online store, which lets users select from a variety of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is less active, while another might be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to select from the products from its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, however they’ll realize that trading is a risky game that shouldn’t be treated as a joke.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to improve their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman as well as 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 Daily Watch List
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Tim Sykes Daily Watch List
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and be more successful than before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Tim Sykes Daily Watch List
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades within the “My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is 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 is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
