The stock market can be an extremely risky game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be very difficult to get back to where you were your most productive. If you’re always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you to improve your performance in the market. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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. 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 Stoks
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” This idea, he added, served two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter writers and students and secondly) giving anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes Stoks
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You may set up an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate value to a large group of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to 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 trading personality who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made substantial profits from their combined years of knowledge. Timothy Sykes Stoks
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers 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. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Stoks
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your hands on what we call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re looking to have access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to take advantage of many of the features of the Novice plan. In this plan, that you can create a private profile to share with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders, which could be a disadvantage for those looking forward to this tier. Timothy Sykes Stoks
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from 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 range of services and features. You are 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 assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be laid back and less engaged, while another could be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Stoks
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming 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 cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be yes. However, you must realize that the platform should not be used 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 curiosity. Timothy Sykes Stoks
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s array of resources useful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be better at trading and wish to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Stoks
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through 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 import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.