Stock trading can be a high-stakes game. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your peak. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement within the field. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Newsletter
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter authors and students as well as) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Newsletter
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared at achieving success. You may set up an account there for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could opt to post your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small businesses to transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. At the age of 25, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial profits from their combined years of knowledge. Timothy Sykes Newsletter
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and 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 version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released each 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 both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Newsletter
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you do want to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of many of the features of the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ statistics this could be a problem for some who may be looking forward to this tier. Timothy Sykes Newsletter
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, and 22% off when billed annually the Pro plan has it all. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create a private profile. These two features are in addition to the advantages you’ll be able to use 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 plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to select from a variety of videos created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One might be a laid-back person who is rarely engaged, while another could be more interactive and online with their students. Think of chat rooms as 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 are geared towards a large variety of stock traders, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and 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 be able to realize that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like novices, 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 and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Newsletter
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including 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 that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly 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 make any type of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you should have an open mind. Timothy Sykes Newsletter
What we mean”yes” is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Newsletter
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo 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 likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.