Stock trading is an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation might not 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 discovered 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-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. 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 Sec
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative, transparent, accountable, and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts as well as students and newsletter writers and secondly) allowing anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Sec
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor 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 sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into 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 are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account then you could 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 the stats of a trader’s account, and more ways to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an opportunity for small companies to move 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 game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place for openness, 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 education tools, trade alerts and other useful stuff offered by the company’s internal 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 Sec
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: Founder of the penny stock market 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Sec
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, and SMS and e-mail 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 of information provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also have 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 market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. 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 next strategy.
The Trader plan allows you to use the majority of features available in The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able view other traders’ stats, which could be a problem for those who are looking forward to this tier. Tim Sykes Sec
This is by far the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month which includes a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the features of the previous plans.
Not only do you get to look at other people’s statistics, 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 maximum extent. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, where customers can choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings 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 expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and clips from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One of them may be more laid back and less engaged, while another could be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will 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 on its store online that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Tim Sykes Sec
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere 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 as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary 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 wide array of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the many features the platform is able to provide
The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, it is best to keep an open mind. Tim Sykes Sec
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s array of resources useful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Sec
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the My Trade’ category of the dashboard that lets you record 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 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 import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.