The stock market can be an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were at your best. If you find yourself constantly stuck in the gutter You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your improvement in the market. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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 Foundation
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as newsletter authors and students as well as) allowing everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Tim Sykes Foundation
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared toward 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 actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through photographs. In Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile, and more ways to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small companies to move into a larger market because it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which 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 during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have made substantial amounts of money through their years of knowledge. Tim Sykes Foundation
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most prominent gurus 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 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 the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when 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 on iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Foundation
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition, 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 looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to 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 month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in the novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Tim Sykes Foundation
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month and 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One might be more laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as well-equipped with handling trading matters, the pros already understand the way it functions and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes Foundation
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- 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 needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many services that the platform can provide
The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, you need to have curiosity. Tim Sykes Foundation
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you truly 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 Foundation
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the “My Trade’ category of the dashboard which lets you post your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.