Stock trading is an exciting game with high stakes. On certain days, you might have the benefit of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your most productive. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth within the field. This review will take an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Tim Sykes Offers
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative responsible, transparent, and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) making it possible for anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Tim Sykes Offers
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared at achieving achievement. It is possible to create an account there for free, but you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a large group of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may opt to post your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile and other methods to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small-scale businesses to make the transition into a larger market because they can access money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as a trader. At the age of 25 Sykes was given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial profits from their collective years of expertise. Tim Sykes Offers
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is a great option for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Offers
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that might be a drawback for some who may be looking forward to this tier. Tim Sykes Offers
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of these is its online store, which allows users to choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. Some may be laid back and rarely active, while another may be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the 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, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can choose from the items on its store online for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that the process is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Tim Sykes Offers
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the many features the platform is able to offer
The Final Verdict 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 the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Tim Sykes Offers
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and be more successful than before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Offers
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.