The stock market can be an extremely risky game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were your most productive. If you find yourself always in the mud it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth within the field. This review will be taking 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 Pre Market
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that was never prior to.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) allowing all users to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Pre Market
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. You may set up an account at no cost, however 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 in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs and its gurus. It’s not just a way to demonstrate value to a large group of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, whether verified or not, via photographs. In Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile and other methods to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The penny stock market is a stepping stone for small businesses to transition into a larger market because they can access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency 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 education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of expertise. Timothy Sykes Pre Market
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, 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. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, such as alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Pre Market
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as 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, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you do want to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their trading skills. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats, which could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Pre Market
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, with a 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all features of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of other services they offer. One of these is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. Some may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. 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 wide range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items in its online store for them to take wherever they may go. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to them as the newcomers. While novice traders may not be as proficient in handling trading matters, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Timothy Sykes Pre Market
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s numerous products and packages offered might be too much for the majority of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you need to have an open mind. Timothy Sykes Pre Market
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources useful as they do their best to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Pre Market
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and on 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 more than 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.