The stock market can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your peak. If you find yourself always in the mud You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified a platform that can support you to improve your performance in the market. In this review, we’ll 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.
Overall Rating: 4.1/5 Tim Sykes Framework
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all 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, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that was never previously done.” The concept was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts, but also the newsletter writers and students and secondly) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Framework
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders. You are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can opt to post your trades, whether verified or not, by taking photographs. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a large marketplace as it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, 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 wide range of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial profits from their collective years of experience. Tim Sykes Framework
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: 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 offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Framework
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you do want to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can create a private profile to share with other associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics that could be a disadvantage for those who are anticipating this level. Tim Sykes Framework
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month with 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few other services they offer. One of those is its online store, where customers can choose from a wide array of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One of them may be laid back and less active, while another may be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items on its store online that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to people who are just beginning. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Tim Sykes Framework
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, it is best to keep curiosity. Tim Sykes Framework
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s array of resources helpful in their efforts to avoid losses and be more successful than before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Framework
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the “My Trade category on the dashboard that lets you post your trades, either 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
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as 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 looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.
