Stock trading can be an exciting game with high stakes. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your best. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the industry. We’ll be taking 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. 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 Trustpilot
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options 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 of this platform. Think of it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter writers and students and secondly) allowing anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Tim Sykes Trustpilot
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared at achieving achievement. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into the performance of the trading community and its experts. It’s not just a way to show that you’re worthy to the large group of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, either verified or not, via photographs. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their collective years of knowledge. Tim Sykes Trustpilot
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on the platform: the 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 we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Trustpilot
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you’re interested in have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you can create a private profile to share with other associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their trading skills. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders this could be a disadvantage for some who may be eager to try this new tier. Tim Sykes Trustpilot
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can select from a variety of video products created to guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny 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 services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One might be more laid back and not very often active, while another might be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products in its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at managing trading but the experts already know how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Tim Sykes Trustpilot
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other 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 verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Tim Sykes Trustpilot
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources to be helpful when they try their best to avoid losses and be more successful than they did before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Tim Sykes Trustpilot
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard that lets you record your trades, either verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities left and right.
