Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the market. This review will take an in-depth look at Profit.ly A well-respected 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. 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 Subscription
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” This idea was, he said, serving two objectives: one) making public records for everyone, not just the experts as well as newsletter writers and students as well as) giving anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Subscription
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared toward success. You can create an account for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to demonstrate value to a large group of traders, as you can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, either verified or not, via pictures. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms along with email and text alerts 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 trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move into a larger market because they can access funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. When he was 25 years old, 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 took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, 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 experience. Timothy Sykes Subscription
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this 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, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it 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, including swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with 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 all-time trading earnings. Timothy Sykes Subscription
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the Novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders this could be a problem for some who may be looking forward to this tier. Timothy Sykes Subscription
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which lets users choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls 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 like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly it’s seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be more laid back and not very often active, while another might be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to improve their trading skills. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Subscription
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. Timothy Sykes Subscription
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to learn from your peers and experts on the way, look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Subscription
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the My Trade category on the dashboard. It lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.