Stock trading is an extremely risky game. On some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to return to the point you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your growth in the industry. This review will take the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Book
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine 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 publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) giving all users to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Book
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward success. You may set up an account on the site for free, but you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not just a way to show value to a group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account and other methods to connect with your gurus through the chatroom as well as text and e-mail alerts and 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 delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because they can access capital from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trader. When he was 25 years old, he had been given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. 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 expertise. Timothy Sykes Book
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, as well as 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 highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Book
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information 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 lessons, including an ever-growing library of previous lessons. Additionally you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign to this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create an account that is private 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 will do what the name implies caters to those who desire to develop their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders, which might be a drawback for those eager to try this new tier. Timothy Sykes Book
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, and 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these features, plus the other benefits that you can use to their fullest capacity. 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
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a real-time area where experts and members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be a laid-back person who is less active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. Additionally, they can choose from the items in its online store for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to people who are just beginning. Although the novices might not be as proficient in handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as 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
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase 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 images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Book
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s array of resources to be helpful 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 is able to accommodate novices and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Book
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting 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 as well as in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.