Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your improvement in the industry. In this review, we’ll take 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.
Total Rating: 4.1/5 Timothy Sykes Picks
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are starting out as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals 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 trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The concept, he added, served two purposes: 1) making public records for all traders, not just the gurus as well as newsletter writers and students and secondly) making it possible for anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Picks
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward success. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking 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 offerings, which we will review in the coming days.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to show value to a group of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may decide to share your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account and other methods to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial profits through their years of knowledge. Timothy Sykes Picks
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, 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. In light of that Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices; texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Picks
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to use many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you for sharing 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 will do what the name implies catering for those looking to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Timothy Sykes Picks
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, with 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all the options of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can pick from a range of video products created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage of the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be a laid-back person who is rarely active, while another may be more online and communicative in their interactions with 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 diverse range of products and features cater to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. Additionally, they can select from the products from its online store that they can take with them wherever they go. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a risky game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suited to people who are just beginning. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their full advantage to develop their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
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 and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Picks
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- As traders may opt to open 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 may be a concern that should not be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of services that the platform can provide
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you should have the ability to think with an open heart. Timothy Sykes Picks
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and be more successful than before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Picks
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the ‘My Trade section of the dashboard which allows you to post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses 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 on the stock market left and right.