The stock market can be an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfying 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 peak. If you’re immersed in the water, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve identified an option that can help you in your improvement in the industry. We’ll take 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 Software
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informative, transparent, accountable, and encouraging each other through its broad array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Tim Sykes Software
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may choose to publish your trades, verified or not, by taking photographs. Included in Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms along with 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 personality who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial profits from their collective years of knowledge. Tim Sykes Software
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most famous experts were 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 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 take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own 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, as well as text, e-mail 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. At $149.95 monthly, this is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Software
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
In “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 Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to take advantage of a majority of features from the Novice plan. This plan allows that you can set up an account that is private to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ statistics that could be a disadvantage for those eager to try this new tier. Tim Sykes Software
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can pick from a range of video products created to provide guidance on the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One of them may be more laid back and rarely engaged, while another could be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to select from the products from its online store to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, however, they will soon learn that this is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts , and use those short tips and tricks 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 excitement! People in the trade industry who are at the same level as Superman or 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 Software
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Tim Sykes Software
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Tim Sykes Software
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the My Trade category on the dashboard. It lets you record your trades, either verified or not. You may choose between three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version 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 as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.