Stock trading is a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be very difficult to get back to where you were your best. If you are always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your growth within the field. In this review, we’ll take an in-depth 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.
Overall Rating: 4.1/5 Timothy Sykes Above The Market
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders new to trading as well as a place for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide array of options for trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Think of it as an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as it is 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.
One time , during an interview with 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 idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter authors and students, and 2) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Timothy Sykes Above The Market
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared towards achieving success. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t 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 subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to prove that you’re worthy to the community of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account then you could choose to publish your trades, verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an avenue for small companies to move into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of knowledge. Timothy Sykes Above The Market
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices; email, text 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, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has 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. Timothy Sykes Above The Market
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally you’ll also gain the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans 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 tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders at 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 world of trading. When you sign up for this package you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re interested in get an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to use the majority of features available in The Novice package. This plan allows that you are able to create a private profile for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Above The Market
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month with an additional 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which lets users pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can 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 penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You’re probably familiar with the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts as well as their members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they may be. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that the process is a risky game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to those who are just starting. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works along with the risky mix associated with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to develop their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry 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 skills to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Above The Market
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 tons of learning communications, trading, and communication tools
- You get to receive excellent training and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous products and packages offered might be too much for the majority of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous services the platform has to provide
The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you need to have curiosity. Timothy Sykes Above The Market
What we do mean”yes” is it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Above The Market
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the My Trade section of the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.