Stock trading is an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your peak. If you are immersed in the water You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your improvement in the market. 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 Insta
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus, but also the students and newsletter writers as well as) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Insta
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. You can create an account for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may choose to publish your trades, verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access money 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 through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of knowledge. Timothy Sykes Insta
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most 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 this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, as well as 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 premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Insta
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition, you’ll also get an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets users to benefit from a majority of features from The Novice package. This plan allows that you can set up an account that is private to share with other associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their trading skills. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able to view other traders’ stats that could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Insta
This is by far the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month and a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is ideal 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 offer. One of them is the online store, which lets users pick from a range of video products designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes taken from 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’re probably familiar with the concept of chat rooms 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 real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. Additionally, they can select from the products from its online store to carry with them wherever they may be. 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 treated as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to people who are just beginning. Although the novices might not be as well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners 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 as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Insta
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Insta
What we mean”yes” is it is a fantastic learning tool. People who are stuck might find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being a better trader and want to learn from your fellows and gurus on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Insta
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the ‘My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.