Stock trading is an extremely risky game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your best. If you are constantly stuck in the gutter, you will have to realize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. In this review, we’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Chat
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) making it possible for everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Chat
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not just a way to demonstrate value to a large group of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account and other methods to connect with your gurus via chatrooms 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 trader who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an avenue for small companies to move to a large marketplace as they can access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned significant amounts of profit from their combined years of experience. Timothy Sykes Chat
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: 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 basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Chat
The Superman Alerts package 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 along with the mobile app, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. In this plan, that you can set up a private profile to share with fellow associate users all the insights and knowledge you gain 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 expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able view the statistics of other traders, which could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Chat
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge 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 not very often active, while another might be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room tips by its internal gurus and members. Additionally, they can 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 high-stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to them as those who are just starting. Although the novices might not be as adept at handling trading matters, the pros already understand how it works along with the risky mix associated with it. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Chat
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready 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 dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, 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 to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Chat
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Chat
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s the chance that it is verifiable. This is shown by the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.