Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to where you were your best. If you’re immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the world, which is why we’ve found a platform that can support you to improve your performance in the market. This review will be taking the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Book Review
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and encouraging one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines that the site. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two purposes: 1) making public records for not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Timothy Sykes Book Review
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared toward success. You may set up an account for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking 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.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at the performance of the trading community as well as its experts. You’re not just allowed to prove your worth to a large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of sharing the details of your broker account you can opt to post your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, in addition to 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 trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading is an opportunity for small businesses to transition to a large marketplace as it gives them access to money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit through their years of expertise. Timothy Sykes Book Review
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for 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 most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Book Review
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to use the majority of features available in The Novice package. In this plan, that you can create a private profile for sharing with fellow associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this could be a disadvantage for those looking forward to this tier. Timothy Sykes Book Review
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, with 22% off for billing annually This plan offers everything. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, 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 items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be more laid back and rarely active, while another might be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they may travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Book Review
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict: 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 scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you should have curiosity. Timothy Sykes Book Review
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck might discover Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than they did before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Book Review
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion within the ‘My Trade category on the dashboard that allows you to post your trades, either verified or not. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app 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 is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.