Stock trading is an exciting game with high stakes. On certain days, you might enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your best. If you’re immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you in your improvement within the field. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Post On Facebook
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 permits traders of all levels to be informative, transparent, accountable, and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those who are starting out and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity 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 his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said 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, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students as well as) allowing all users to be enlightened by both the wins and losses to benefit the industry of trading. Tim Sykes Post On Facebook
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving achievement. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, but you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, then you could choose to publish your trades, whether verified or not, by taking pictures. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small businesses to transition to a large marketplace as it gives them access to capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as a trader. At 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits from their combined years of knowledge. Tim Sykes Post On Facebook
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most famous experts 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: 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 look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
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.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Post On Facebook
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package 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 package you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get 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 however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the Novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to see the statistics of other traders this might be a drawback for some who may be eager to try this new tier. Tim Sykes Post On Facebook
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, and an additional 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating a private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can pick from a range of video products created to guide you through the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be more laid back and less active, while another might be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items on its store online to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies 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 showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Post On Facebook
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You will receive excellent training and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority 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 boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Tim Sykes Post On Facebook
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources helpful in their efforts to avoid losses and perform better than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes Post On Facebook
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you import 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 classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.