The stock market can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to return to where you were at your peak. If you are immersed in the water, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve discovered an online platform that will help you to improve your performance within the field. This review will take an in-depth look at Profit.ly A well-respected 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. 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 Webinar
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students as well as) giving anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Tim Sykes Webinar
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared towards achieving achievement. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not just a way to show value to a large group of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, either verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms as well as 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 is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of experience. Tim Sykes Webinar
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the founder and 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is 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 most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes alerts for swing trading and access to a library of over 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Webinar
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy 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 featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other 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 looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this package you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re looking to gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ stats that could be a disadvantage for those anticipating this level. Tim Sykes Webinar
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, which includes 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all options of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the chance to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few other services they offer. One of them is the online store, which lets users select from a variety of videos that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since 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’s seen as a space where experts and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. Some may be a laid-back person who is less active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products on its store online to carry with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to the newcomers. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Tim Sykes Webinar
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you need to have the ability to think with an open heart. Tim Sykes Webinar
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful as they do their best to avoid loss and perform better than they did before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Webinar
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the “My Trade’ category of the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.