Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be very difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve found an option that can help you in your improvement within the field. In this review, we’ll take the time to 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 Minus 1
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Consider it a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and newsletter writers and students, and 2) making it possible for everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Minus 1
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared at achieving achievement. You can create an account there at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to show that you’re worthy to the community of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may choose to publish your trades, either verified or not, via photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because they can access money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and a larger impact 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 content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of expertise. Timothy Sykes Minus 1
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus 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 the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as text, e-mail, 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 version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “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 all-time trading earnings. Timothy Sykes Minus 1
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make and lastly, look at 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 can’t create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their expertise in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats this might be a drawback for those who are eager to try this new tier. Timothy Sykes Minus 1
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, with an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users select from a variety of videos designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. But on Profit.ly it’s seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be laid back and less active, while another may be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products in its online store for them to take wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know how it works along with the risky mix that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Minus 1
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be taught by experts and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately take advantage of the numerous services that the platform can provide
The Final Concluding Question: Is Profit.ly Valued?
If we could think of an answer to this question, it’s yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Minus 1
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Minus 1
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the My Trade’ category of the dashboard which allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance 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 untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.