Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your peak. If you’re always in the mud, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your improvement within the field. This review will take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Stock Picks
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative, transparent, accountable, and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts and newsletter writers and students, and 2) allowing anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Tim Sykes Stock Picks
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared at achieving achievement. You can create 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 what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. You’re not just allowed to show your worth to a large group of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, either verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile and other methods to interact with your experts through the chatroom along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small companies to move into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of expertise. Tim Sykes Stock Picks
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the 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 packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tim Sykes Stock Picks
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
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, which makes your actions public. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to use many of the features of The Novice package. This plan allows that you can set up an individual profile that allows you to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a disadvantage for those eager to try this new tier. Tim Sykes Stock Picks
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, which includes 22% off when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity 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 a plan that can serve you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, where customers can pick from a range of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a space where experts and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. Some may be more laid back and rarely engaged, while another could be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in the 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. With the variety of deals it has to offer this platform definitely 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 advice from the in-house experts as well as their members. Additionally, they can choose from the items in its online store for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks associated with it. Ideally, they may use Profit.ly’s range of features to their best advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Tim Sykes Stock Picks
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 a wealth of education, communication, and trading tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array 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 users
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the many features the platform is able to provide
The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it’s yes. But you need to understand 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 the ability to think with an open heart. Tim Sykes Stock Picks
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources useful when they try their best to incur lesser loss and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Stock Picks
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard that lets you record your trades, verifiable or not. There are three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.