Stock trading is an exciting game with high stakes. 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 get back to the point you were at your peak. If you find yourself constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your growth in the industry. This review will be taking the time to look at Profit.ly is a well-known single-stop social platform to trade!
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 Website
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert 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 motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” This idea Sykes said served two purposes: 1) making public records for not just the gurus as well as newsletter authors and students and secondly) making it possible for everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes Website
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared at achieving the success of their business. You can create an account there for free, but you’re limited to the capability to browse the leaderboard and observe the activities 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 join one of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at their performance as a trading group and its experts. It’s not only a chance to show value to a community of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, by taking photographs. In Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market could be viewed as a stepping stone for small businesses to transition into a larger market because it gives them access to money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Tim Sykes Website
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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 we’ll take a look at what packaged deals 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 stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Website
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign to this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even texting other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from the novice plan. This plan allows that you can set up an account that is private to share with other associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics that could be a disadvantage for those looking forward to this tier. Tim Sykes Website
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes a 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other related to trading, videos and scenes from The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s range 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 offer live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members. One might be a laid-back person who is rarely active, while another may be more online and communicative to their pupils. 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 diverse range of products and features are geared towards an array of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able to choose from the items on its store online for them to take wherever they be. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a risky game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at dealing with trading issues, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Tim Sykes Website
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts 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 that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the many services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep an open mind. Tim Sykes Website
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and be more successful than before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes Website
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the ‘My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version 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 trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.