The stock market can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your best. If you’re constantly stuck in the gutter, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Timothy Sykes Past Clients
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are just beginning their journey and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The idea Sykes said served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students as well as) allowing all users to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes Past Clients
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed towards achieving success. It is possible to create an account there at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not just a way to demonstrate your worth to a community of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, then you could decide to share your trades, whether verified or not, by taking pictures. Also included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile and other methods to interact with your experts through the chatroom along with notifications via email or text as well as updates.
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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, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trading professional. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their combined years of expertise. Timothy Sykes Past Clients
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Past Clients
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan, you will be immediately offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader 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 individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their expertise in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats, which could be a problem for those who are eager to try this new tier. Timothy Sykes Past Clients
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, with an additional 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users pick from a range of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One might be a laid-back person who is rarely active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products from its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know the way it functions and the risky mix that come with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Past Clients
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build 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 needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s yes. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have an open mind. Timothy Sykes Past Clients
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to be taught by your peers and experts along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Past Clients
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the “My Trade’ category of the dashboard which allows you to post your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.