The stock market can be a high-stakes game. Some days, you may have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your best. If you’re always in the mud it is important to recognize that relying on instinct and survival is not always enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you in your growth within the field. We’ll take the time to 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. 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 Weekend Trader
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of cutting-edge 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 offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter writers and students and secondly) making it possible for anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Tim Sykes Weekend Trader
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving the success of their business. You may set up an account at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to show that you’re worthy to the group of traders. You can also use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile, and more ways to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet 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 that trades for just less than 5 cents per share. The penny stock market is a stepping stone for small businesses to transition to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. At the age of 25 Tim Sykes had received more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money through their years of experience. Tim Sykes Weekend Trader
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most prominent gurus included 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Weekend Trader
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to take advantage of the majority of features available in The Novice package. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics that could be a disadvantage for some who may be eager to try this new tier. Tim Sykes Weekend Trader
This is by far the highest expensive plan Profit.ly offers to experienced traders. With $74.95 per month, and a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating an individual profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which lets users select from a variety of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. One might be more laid back and not very often engaged, while another could be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able choose from the items in its online store to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that trading is a high stakes game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at managing trading but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Weekend Trader
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 tons of learning tools, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase 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 unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. Tim Sykes Weekend Trader
What we mean”yes” is it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful when they try their best to reduce losses and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really want to become a better trader and want to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Weekend Trader
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the My Trade’ category of the dashboard that lets you post your trades, either verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are 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 learn and improve in acquiring stock market opportunities left and right.