Stock trading is an extremely risky game. On some days, you might have the benefit of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were your best. If you’re constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your improvement within the field. We’ll take a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Subscriptions
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 allows traders of all levels to be informative responsible, transparent, and to build relationships with each other through its broad range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The idea was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) giving anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Tim Sykes Subscriptions
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. You can create an account there for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its gurus. It’s not just a way to demonstrate that you’re worthy to the large group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may decide to share your trades, verified or not, via pictures. Also included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a market that is larger as it allows them to access funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of expertise. Tim Sykes Subscriptions
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Subscriptions
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you can set up a private profile to share with other associate users all your knowledge and information you have gained from trader’s community.
The price is $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 however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for those who are eager to try this new tier. Tim Sykes Subscriptions
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month and 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which allows users to pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly 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 find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be laid back and less engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s range of features to their full advantage to improve their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Tim Sykes Subscriptions
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there’s a 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 simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Subscriptions
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck may discover Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Subscriptions
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the “My Trade category on the dashboard. It lets you record your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does 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 in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.