Stock trading can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to get back to where you were at your peak. If you are constantly stuck in the gutter it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s why we’ve identified an online platform that will help you in your growth within the field. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Tim Sykes Height
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide range of resources for communication and trade that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of 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 ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The concept Sykes said served two goals: 1.) making public records for not just the gurus and students and newsletter writers as well as) allowing all users to learn from both losses and wins for the trading industry’s benefit. Tim Sykes Height
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed toward success. You may set up an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor 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 You’ll need to join one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate your worth to a community of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may opt to post your trades, verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to connect 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 refers to a small company’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small companies to move to a market that is larger as they can access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of expertise. Tim Sykes Height
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. 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 only two gurus 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. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
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 be able to see him concentrate on the fundamental stock catalysts and use 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 app that’s available to iOS as well as Android devices, email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Height
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this plan you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow 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 catering to those who desire to develop their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats that could be a disadvantage for some who may be eager to try this new tier. Tim Sykes Height
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes a 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided 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 select from a variety of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about 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.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably 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 offer live chat support. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. Some may be laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it offers it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able select from the products in its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as well-equipped with managing trading but the experts already know how it works along with the risky mix that it carries. It is ideal to use Profit.ly’s variety of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Height
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have curiosity. Tim Sykes Height
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources helpful in their efforts to reduce loss and perform better than before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really want to become a better trader and want to learn from your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Height
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the “My Trade section of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.
