The stock market can be a high-stakes game. Some days, you may be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to where you were your peak. If you’re always in the mud You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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 Student
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The concept Sykes said served two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students, and 2) making it possible for anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Tim Sykes Student
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed at achieving the success of their business. You can create an account there for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to demonstrate your worth to a group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile, and more ways to interact with your experts 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 trader who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trader. At 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have earned substantial profits from their combined years of knowledge. Tim Sykes Student
At its height, Profit.ly had housed up to five gurus, all of them a pro 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 however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and 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 most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has 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 profits. Tim Sykes Student
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are 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 get an access to high-quality research papers as well as an 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 a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their skills in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics this could be a problem for those who are looking forward to this tier. Tim Sykes Student
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create an individual profile. Both of these features, 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 you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of these 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. The products listed in this section of the website 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 related to penny stocking, short stocking, and other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated 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 messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is not very often active, while another may be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products in its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable to people who are just beginning. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works and the stack full of risks associated with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Tim Sykes Student
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach 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
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you need to have an open mind. Tim Sykes Student
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful when they try their best to avoid losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly want to become a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Student
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the My Trade section of the dashboard that lets you post your trades, verifiable or not. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are 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 on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
