Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were your peak. If you are always in the mud, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement within the field. This review will take an in-depth look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Tim Sykes Free Course
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative, transparent, accountable, and encouraging one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Think of it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The idea was, he said, serving two goals: 1.) making public records for everyone, not just the experts as well as newsletter writers and students, and 2) giving anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes Free Course
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving success. You may set up an account for free, but you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community as well as its gurus. It’s not only a chance to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can decide to share your trades, verified or not, via photographs. Included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years 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 through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place of 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 amazing features is the vast array of educational 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 proven to make significant amounts of profit from their combined years of knowledge. Tim Sykes Free Course
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who 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. In light of that Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “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 when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Free Course
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three 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 new to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you can set up a private profile to share with other associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ stats this could be a problem for those who are anticipating this level. Tim Sykes Free Course
This is by far the highest expensive plan Profit.ly offers to experienced traders. At $74.95 per month, which includes 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which lets users pick from a range of videos designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading 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 scenes of the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and not very often active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know how it works and the plethora of risks that it carries. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Tim Sykes Free Course
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call 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 capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services that the platform can offer
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, it is best to keep an open mind. Tim Sykes Free Course
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Free Course
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s fraudulent in posting 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 as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities both right and left.