The stock market can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to the point you were at your most productive. If you are immersed in the water it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your improvement within the field. In this review, we’ll take the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Cost
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people new to trading and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast array of options for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” This idea, he added, served two goals: 1.) making public records for not just the gurus as well as newsletter writers and students as well as) making it possible for everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Cost
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving achievement. 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 ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its experts. It’s not just a way to demonstrate your worth to a group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or otherwise, through photographs. In Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus in 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 is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. The trading of penny stocks is a stepping stone for small companies to move into a larger market because it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider reach of influence as a participant in the reality show “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 the trading field. He also played a role in establishing Profit.ly as a place 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 sweet inclusions is the wide range of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial profits from their combined years of expertise. Timothy Sykes Cost
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this 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 look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Cost
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition you’ll also gain an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package 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 will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re looking to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use a majority of features from the Novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their expertise in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders that could be a problem for those eager to try this new tier. Timothy Sykes Cost
Pro Plan
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, and a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of those is its online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be a laid-back person who is rarely engaged, while another could be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the 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 novices to the most experienced. Given the wide range of options it offers this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to them as those who are just starting. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works along with the plethora of risks that come with it. It is ideal to make use of Profit.ly’s variety of features to their best advantage to develop their skills in trading. As beginners, they are able to learn from the 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 as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Cost
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them could profit from picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Cost
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Cost
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the ‘My Trade section of the dashboard which lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities both right and left.
