The stock market can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were at your peak. If you find yourself always in the mud You will need to recognize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve identified a platform that can support you in your growth within the field. In this review, we’ll take an in-depth 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.
Total Rating: 4.1/5 Timothy Sykes Post Interview
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading 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 the transparency of the entire spectrum of trades, something which was never prior to.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Post Interview
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared at achieving the success of their business. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a large group of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, then you could decide to share your trades, either verified or not, via photographs. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at 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 guru who is famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their collective years of expertise. Timothy Sykes Post Interview
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: 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 packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Post Interview
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. It is in this plan that you can create an individual profile that allows you to share with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their skills in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders, which could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Post Interview
This is by far the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, where customers can select from a variety of video products designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a space where experts and their members trade and learn in real time. Each guru has their style in operating their chat room and dealing with the members. One might be laid back and rarely engaged, while another could be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room tips by its internal gurus and members. They’ll also be able select from the products from its online store to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works along with the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Post Interview
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will be taught by experts and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have curiosity. Timothy Sykes Post Interview
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Post Interview
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade section of the dashboard. It lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market both right and left.