Stock trading can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it could 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 recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your improvement in the industry. We’ll be taking an in-depth look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Tim Sykes Stock Software
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are starting out 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 array of options for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two purposes: 1) making public records for not just the gurus as well as students and newsletter writers, and 2) allowing anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Tim Sykes Stock Software
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward achievement. You can create an account for free, but you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to prove that you’re worthy to the group of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile as well as other ways to interact with your experts 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 guru who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition into a larger market because it allows them to access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial amounts of money from their collective years of expertise. Tim Sykes Stock Software
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 most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices; texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Stock Software
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. 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 ready to join the trading community on the internet 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 that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your actions public. If you’re interested in get an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders that could be a disadvantage for some who may be anticipating this level. Tim Sykes Stock Software
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for annual billing the Pro plan has it all. You get full, no-holds-barred access to all features of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of other services they provide. One of these is its online store, where customers can select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be laid back and not very often active, while another may be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to select from the products on its store online to carry with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Tim Sykes Stock Software
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services the platform has to offer
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you need to have curiosity. Tim Sykes Stock Software
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s range of resources useful when they try their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes Stock Software
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
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 the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.