The stock market can be an extremely risky game. On certain days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to the point you were at your peak. If you find yourself immersed in the water, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your improvement within the field. In this review, we’ll be taking a 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 Facebook
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning 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. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Timothy Sykes Facebook
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward achievement. You can create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to show value to a group of traders, as you are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you can decide to share your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at 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.
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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 penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an opportunity for small companies to move to a market that is larger as they can access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete 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 the experts in trading who have made significant amounts of profit from their collective years of expertise. Timothy Sykes Facebook
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader 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 offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Facebook
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable 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 lessonsthat include a growing library of all the previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three levels are and what 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 world. Once you have signed to this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive 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 have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from the majority of features available in the novice plan. This plan allows that you can set up a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Facebook
This is by far the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which allows users to select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One might be laid back and not very often active, while another might be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they be. Additionally, they can gain practical experience trading on the platform, however they’ll realize that trading is a risky game that should not be viewed as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Facebook
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable 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 reasonable prices – there truly is something for every person
- Profit.ly’s numerous packages and services offered could be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Facebook
What we mean”yes” is that it could be a useful learning tool. People who are stuck may discover 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 only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you really want to become better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Facebook
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.