The stock market can be an exciting game with high stakes. On certain days, you might be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to return to where you were at your best. If you are constantly stuck in the gutter it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you in your growth within the field. This review will be taking a look at Profit.ly, a well-recognized 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 Millionaire Students
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts as well as students and newsletter writers as well as) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Tim Sykes Millionaire Students
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed towards achieving achievement. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to show your worth to a group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through pictures. In Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market is a stepping stone for small companies to move to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money through their years of knowledge. Tim Sykes Millionaire Students
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Millionaire Students
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this plan you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. It is in this plan that you can set up an account that is private to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for those who are anticipating this level. Tim Sykes Millionaire Students
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month and 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, which allows users to pick from a range of video products created to help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the 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 beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
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 enjoyment! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Tim Sykes Millionaire Students
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature 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 additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed 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 the ability to think with an open heart. Tim Sykes Millionaire Students
What we do mean”yes” is it can be a great learning tool. People who are stuck could be able to find Profit.ly’s range of resources useful as they do their best to incur lesser losses and be more successful than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Millionaire Students
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are 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 in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.
