The stock market can be an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your best. If you’re constantly stuck in the gutter You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the world, which is why we’ve found a platform that can support you in your growth in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Preferred Broker
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that was never prior to.” The concept Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter authors and students as well as) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Tim Sykes Preferred Broker
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed toward the success of their business. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs and its experts. It’s not only a chance to show your worth to a group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may decide to share your trades, verified or not, by taking photographs. Included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile, and more ways to interact with your experts via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to money 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 thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete against each other on 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. These gurus refer to the trading experts who have proven to make substantial profits from their collective years of experience. Tim Sykes Preferred Broker
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: the 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 take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: 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 investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Preferred Broker
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re interested in get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. In this plan, that you can create a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see the statistics of other traders this might be a drawback for those who are anticipating this level. Tim Sykes Preferred Broker
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of more services it has to provide. One of these is its online store, which lets users select from a variety of video products 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 the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of 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 variety of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that provide live chat support. But in 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 style in running their chat rooms and in dealing with the members there. One of them may be a laid-back person who is less active, while another might be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the road, we consider 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 but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Tim Sykes Preferred Broker
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have curiosity. Tim Sykes Preferred Broker
What we do mean”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s array of resources useful as they do their best to avoid losses and be more successful than they did before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you truly want to become better at trading and wish to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes Preferred Broker
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the ‘My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase 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 submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities all over the world.