Stock trading is an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were at your most productive. If you’re constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. This review will be taking a look at Profit.ly is a well-known 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 Sunday Watch List
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those new to trading as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept Sykes said served two purposes: 1) making public records for not just the gurus as well as students and newsletter writers, and 2) giving all users to learn from both the wins and losses for the trading industry’s benefit. Tim Sykes Sunday Watch List
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 toward achievement. You may set up an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove value to a community of traders. You are also able to use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account then you could opt to post your trades, whether verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms in addition to 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 his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits from their combined years of experience. Tim Sykes Sunday Watch List
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 prominent experts included 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 this platform: the founder as well as 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 the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Sunday Watch List
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
Among the list of things 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 chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of a majority of features from The Novice package. It is in this plan that you can create a private profile to share with fellow associate users all the 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 for those looking to develop their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics that might be a drawback for those who are eager to try this new tier. Tim Sykes Sunday Watch List
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, with a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating a private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, which lets users select from a variety of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. One might be laid back and not very often active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items on its store online for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, however, they will soon learn that this is a high-stakes game that shouldn’t be treated 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 them as the newcomers. While the newbies may not be as adept at managing trading but the experts already know how it works and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of 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 Sunday Watch List
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic 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 trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you should have an open mind. Tim Sykes Sunday Watch List
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Sunday Watch List
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the ‘My Trade section of the dashboard which lets you record your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.