Stock trading is a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to where you were at your most productive. If you’re immersed in the water You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your growth in the industry. We’ll take an in-depth 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.
Overall Rating: 4.1/5 Tim Sykes Ebook
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed, transparent, accountable, and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines that the site. Consider it the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Tim Sykes Ebook
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared toward the success of their business. You can create an account there for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not just a way to prove your worth to a community of traders, but you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms along with 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 trader who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their combined years of knowledge. Tim Sykes Ebook
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most famous 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: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, including alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for 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 trading profits. Tim Sykes Ebook
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 as well as the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also gain access to premium research reports as well as an 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 market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can set up an account that is private to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their trading skills. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ stats that could be a disadvantage for those eager to try this new tier. Tim Sykes Ebook
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, and a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to provide. 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 guide you through the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and products from other 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’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One might be a laid-back person who is less active, while another may be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able to choose from the items from its online store that they can take with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that this is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks that it carries. It is ideal to use Profit.ly’s range of features to their full advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Tim Sykes Ebook
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it would be yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, you should have curiosity. Tim Sykes Ebook
What we are referring to”yes” is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s range of resources helpful in their efforts to avoid loss and perform better than before. It’s not only the poor traders that can benefit from this 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 learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Tim Sykes Ebook
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the ‘My Trade category on the dashboard that allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on 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 are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.