Stock trading is an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be very difficult to get back to the point you were at your best. If you are always in the mud, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your growth within the field. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Foundation
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide variety of tools and features such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are just beginning their journey and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is 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 publication, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept, he added, served two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students as well as) giving anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Foundation
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You may set up an account for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show your worth to a group of traders. You can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can decide to share your trades, either verified or not, via photographs. In Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus 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 trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish 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 sweet inclusions is the vast array of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of expertise. Timothy Sykes Foundation
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to a rich 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 is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Foundation
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. 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 eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. This plan allows that you can create a private profile for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders, which could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes Foundation
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for annual billing, this tier has everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users choose from a wide array of video products designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional 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 of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. But in 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 a laid-back person who is less active, while another may be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to them as the newcomers. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Foundation
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. 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 Foundation
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources useful when they try their best to avoid losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Foundation
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the My Trade category on the dashboard which lets you post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
