Stock trading is an extremely risky game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to where you were your peak. If you find yourself immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-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 identified an option that can help you in your improvement in the industry. In this review, we’ll 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 Robinhood
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept was, he said, serving two objectives: one) creating public track records for not just the gurus and newsletter writers and students, and 2) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Tim Sykes Robinhood
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. You can create an account for free, but you’re only given access to the leaderboard and follow the activities 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 subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its experts. It’s not only a chance to demonstrate value to a community of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, verified or not, by taking photographs. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, in addition to 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 has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit through their years of knowledge. Tim Sykes Robinhood
At its peak, 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, among a few others. As of this writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Robinhood
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market commentary shown 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 that is provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics that might be a drawback for those who are eager to try this new tier. Tim Sykes Robinhood
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to choose from a wide array of video products created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members. One might be more laid back and rarely active, while another may be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Tim Sykes Robinhood
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes Robinhood
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Robinhood
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the My Trade section of the dashboard. It lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
