The stock market can be an exciting game with high stakes. On certain days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to get back to the point you were at your best. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve identified an option that can help you in your growth in the market. This review will take a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Forbes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative, transparent, accountable, and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade, 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 the platform. Think of it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea Sykes said served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Forbes
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared at achieving achievement. You can create an account at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to 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 mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not just a way to prove your worth to a group of traders, but you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, whether verified or not, via pictures. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to interact with your experts in 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 the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a large marketplace as it gives them access to capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped 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 sweet inclusions is the wide range of education resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial profits from their combined years of experience. Timothy Sykes Forbes
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Forbes
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this might be a drawback for some who may be anticipating this level. Timothy Sykes Forbes
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 per month, with a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to choose from a wide array of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes from 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 array of services and features. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be laid back and less active, while another might be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available from 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 realize that the process is a high stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as adept at managing trading but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Forbes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Forbes
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck may discover Profit.ly’s variety of resources helpful when they try their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to be taught by your peers and experts along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Forbes
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade category on the dashboard that lets you post your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
