Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were at your best. If you find yourself immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered 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 Portfolio
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) making it possible for anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Portfolio
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared toward success. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to show your worth to a group of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. At 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of expertise. Timothy Sykes Portfolio
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the prominent gurus included 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: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Portfolio
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this plan you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, 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 simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you do want to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you are able to create an account that is private for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics, which could be a problem for those anticipating this level. Timothy Sykes Portfolio
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes 22% off for billing annually the Pro plan 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, but you’re also given the opportunity to create your own private profile. These two features are 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 all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to select from a variety of video products that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be a laid-back person who is not very often active, while another may be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that trading is a risky game that should not be viewed as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks 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! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Portfolio
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep an open mind. Timothy Sykes Portfolio
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s variety of resources helpful in their efforts to reduce losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Portfolio
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the “My Trade section of the dashboard. It allows you to post your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into 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 from a trusted brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.