Stock trading can be an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it can be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll be taking a look at Profit.ly is a well-known 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 Short List
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) giving anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Tim Sykes Short List
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared at achieving the success of their business. You can create an account there for free, but you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to prove your worth to a community of traders, as you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may decide to share your trades, verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account, and more ways to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as they can access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their collective years of experience. Tim Sykes Short List
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: Founder as well as 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’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as 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 premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “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 the time he started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Short List
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally, you’ll also get 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 trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows users to benefit from a majority of features from the Novice plan. In this plan, that you can set up a private profile for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ statistics, which might be a drawback for some who may be anticipating this level. Tim Sykes Short List
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these options, on top of all the advantages you’ll be able to 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 level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of other services they offer. One of these is its online store, where customers can select from a variety of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be more laid back and rarely active, while another may be more active and in touch to their pupils. Consider chat rooms 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 caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able select from the products on its store online for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that this is a high stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we believe 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 dealing with trading issues but the experts already know the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Tim Sykes Short List
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes Short List
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Short List
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the ‘My Trade category on the dashboard. It allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities left and right.