The stock market can be a high-stakes game. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your most productive. If you are immersed in the water it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll be taking the time to 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.
Total Rating: 4.1/5 Tim Sykes Picks
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad array of options for communication and trade and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long 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 magazine Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two purposes: 1) making public records for not just the gurus, but also the students and newsletter writers as well as) allowing all users to gain insight into both the wins and losses to the benefit of the trading industry. Tim Sykes Picks
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared towards achieving achievement. It is possible to create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not just a way to prove your worth to a community of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the idea of divulging the details of your broker account you can opt to post your trades, either verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their combined years of experience. Tim Sykes Picks
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on 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 most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is a great option for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Picks
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager 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 has three membership tiers, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this package, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to use many of the features of The Novice package. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a problem for those eager to try this new tier. Tim Sykes Picks
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month and a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features from the two prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating a private profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they 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 guide you through the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is rarely active, while another may be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can choose from the items from its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Tim Sykes Picks
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You’ll receive excellent training and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to provide
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, it is best to keep an open mind. Tim Sykes Picks
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources to be helpful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you truly want to become more successful in trading and would like to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Picks
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the ‘My Trade’ category of the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from 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 on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.