The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous 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 improvement in the market. In this review, we’ll take a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Pricing
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders new to trading 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 to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The concept, he added, served two objectives: one) making public records for not just the gurus, but also the newsletter writers and students, and 2) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Pricing
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared towards achieving achievement. You can create an account at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at how the community of traders performs and its experts. It’s not only a chance to prove your worth to a group of traders, but you can also utilize Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, either verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue 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 make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. At the age of 25, he had been given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and 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 place for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money from their collective years of experience. Timothy Sykes Pricing
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most prominent experts were 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase from 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 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 most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Pricing
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. In this plan, that you can create a private profile to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their skills in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ stats, which might be a drawback for some who may be looking forward to this tier. Timothy Sykes Pricing
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month which includes 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can select from a variety of instructional videos that are created to guide you through the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be more laid back and rarely active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to the most experienced. With the variety of deals it offers, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that trading 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 believe Profit.ly equally suited to people who are just beginning. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Timothy Sykes Pricing
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow 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
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have curiosity. Timothy Sykes Pricing
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than they did before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Pricing
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion under the My Trade category on the dashboard that lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this 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 functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.