Stock trading is a high-stakes game. On certain days, you might enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were your peak. If you’re 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 losses 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 fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance within the field. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tim Sykes Free Ebook
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative responsible, transparent, and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Think of it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never done before.” The idea Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the students and newsletter writers and secondly) giving everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Tim Sykes Free Ebook
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You can create an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give 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, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may decide to share your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading is an opportunity for small companies to move to a market that is larger as it allows them to access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trader. At 25 years old Tim Sykes had received more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of expertise. Tim Sykes Free Ebook
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on 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 premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, it is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has 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 total trading profits. Tim Sykes Free Ebook
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition, you’ll also get an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. This plan allows that you can set up a private profile for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ statistics this might be a drawback for some who may be looking forward to this tier. Tim Sykes Free Ebook
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, which includes an additional 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all options of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of these is its online store, which allows users to pick from a range of video products that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a area where experts and members trade and exchange knowledge 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 rarely active, while another may be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that the process is a risky game that should not be viewed as a joke.
For traders who have 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 proficient in managing trading however, experienced traders know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Tim Sykes Free Ebook
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have an open mind. Tim Sykes Free Ebook
What we mean”yes” is it can be a great learning tool. People who are stuck may discover Profit.ly’s range of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be a better trader and want to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Free Ebook
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 allows you to post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
