Stock trading can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your best. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve identified a platform that can support you in your growth within the field. We’ll be taking a 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.
Overall Rating: 4.1/5 Tim Sykes Lesson 1
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people new to trading as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” This idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus and newsletter writers and students as well as) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Tim Sykes Lesson 1
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into how the community of traders performs and its gurus. You’re not just allowed to prove value to a group of traders, as you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you can choose to publish your trades, either verified or not, by taking pictures. In Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile, and more ways to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for 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 wide range of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit from their combined years of expertise. Tim Sykes Lesson 1
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the 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 look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: 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 it is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Lesson 1
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. As you sign to this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their skills in trading. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics this could be a disadvantage for those who are anticipating this level. Tim Sykes Lesson 1
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls 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 trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. Some may be laid back and rarely active, while another might be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items in its online store to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that this is a risky game that shouldn’t be treated as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works along with the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Tim Sykes Lesson 1
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the number of services that the platform can offer
The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Lesson 1
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s variety of resources helpful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Lesson 1
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the ‘My Trade section of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to 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 opportunities in the stock market left and right.