Stock trading can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were at your peak. If you’re constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve identified an option that can help you in your growth within the field. In this review, we’ll 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 Membership Login
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit, but for experts 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 ensures that the trades are authentic and won’t accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) making it possible for anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Membership Login
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving the success of their business. It is possible to create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to prove that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking the details of your broker account you can opt to post your trades, either verified or not, via screenshots. Also 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 communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
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 a trader. At 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial profits through their years of knowledge. Timothy Sykes Membership Login
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to predict the next possible moves in trading.
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, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is a great option for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Membership Login
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. 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’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of the novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ stats, which could be a problem for some who may be eager to try this new tier. Timothy Sykes Membership Login
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, with 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all the options of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of other services they offer. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. One of them may be a laid-back person who is less engaged, while another could be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items from its online store that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes Membership Login
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by 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 because the premium customers are expected to instantly benefit from the many features the platform is able to offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, you should have an open mind. Timothy Sykes Membership Login
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s array of resources helpful as they do their best to incur lesser losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Membership Login
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard that lets you record your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you submit it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.