The stock market can be an extremely risky game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you find yourself always in the mud it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant 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 within the field. In this review, we’ll take a look at Profit.ly is a well-known one-stop 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Program
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic 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 interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) giving anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Timothy Sykes Program
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared towards achieving the success of their business. You may set up an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not only a chance to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you can decide to share your trades, either verified or not, via photographs. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus through the chatroom in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity 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 an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their combined years of knowledge. Timothy Sykes Program
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Program
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and email 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 Superman Pro. 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 the previous ones. On top of that, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Timothy Sykes Program
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, and an additional 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can pick from a range of video products designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging 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 member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One of them may be a laid-back person who is less 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 a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as well-equipped with handling trading matters, the pros already understand how it works and the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their skills in trading. Like novices, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Program
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users will immediately take advantage of the numerous features the platform is able to provide
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you should have curiosity. Timothy Sykes Program
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become more successful in trading and would like to be taught by your peers and experts on the way, look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Program
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the ‘My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.