Stock trading is an exciting game with high stakes. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to the point you were at your best. If you’re constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your growth within the field. This review will 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.
Total Rating: 4.1/5 Tim Sykes Training Video
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed responsible, transparent, and encouraging one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for those who are starting out as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Consider it a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of all trades, something that has never been prior to.” The idea was, he said, serving two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Tim Sykes Training Video
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board 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 prove value to a group of traders, but you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, whether verified or not, via photographs. In Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, 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 guru who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and for the community to uplift 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 tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of expertise. Tim Sykes Training Video
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, 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 look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase in 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.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, it is a great option for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Training Video
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition, you’ll also get access to premium research reports 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 resources to get you up and running. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you do want to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use a majority of features from The Novice package. This plan allows that you can create an account that is private to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their trading skills. 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 other traders’ stats that might be a drawback for some who may be eager to try this new tier. Tim Sykes Training Video
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. Some may be laid back and rarely engaged, while another could be more active and in touch 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 wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. They’ll also be able to select from the products from its online store for them to take wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to develop their trading skills. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Training Video
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 an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, it is best to keep curiosity. Tim Sykes Training Video
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s array of resources useful in their efforts to reduce losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Training Video
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and 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 is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.