Stock trading can be an exciting game with high stakes. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were your most productive. If you are constantly stuck in the gutter You will need to realize that relying 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 reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. In this review, we’ll take a look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Tim Sykes Dubbo
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad array of options to facilitate 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. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” The concept, he added, served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter authors and students and secondly) making it possible for all users to be enlightened by the losses and wins to benefit the industry of trading. Tim Sykes Dubbo
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared toward achievement. You can create an account there at no cost, however you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus 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.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking your brokerage account, you may opt to post your trades, either verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. At the age of 25, he had been given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have made significant amounts of profit through their years of expertise. Tim Sykes Dubbo
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the founder as well as 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 packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, 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 version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is a great option for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Dubbo
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
From “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. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $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 account, making your actions public. If you do want to have an account with this option, 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. In this plan, that you can set up an account that is private to share with other associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ stats this might be a drawback for those anticipating this level. Tim Sykes Dubbo
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, and a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives 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 trainer tools and Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, which lets users pick from a range of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to the most experienced. With the variety of deals it offers it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable to those who are just starting. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Tim Sykes Dubbo
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have an open mind. Tim Sykes Dubbo
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful in their efforts to avoid losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Dubbo
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the My Trade section of the dashboard which lets you post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being 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 and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.