The stock market can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to get back to where you were at your best. If you are immersed in the water You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve identified an option that can help you in your growth in the industry. In this review, we’ll take an in-depth 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. 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 Through The Wall
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and encouraging one another through its wide variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” The idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students, and 2) giving everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Through The Wall
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You can create an account at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offers, which we will 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 a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not just a way to prove that you’re worthy to the community of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to interact with your experts in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious 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.” He then took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place for 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 most appealing features is the variety of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of knowledge. Timothy Sykes Through The Wall
At its peak, 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 as well as a handful of others. At the time of writing only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as 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. It costs $149.95 monthly, this is a great option for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, including alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Through The Wall
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from a majority of features from the novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able view the statistics of other traders this might be a drawback for those anticipating this level. Timothy Sykes Through The Wall
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, where customers can select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. Some may be a laid-back person who is less active, while another might be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able choose from the items on its store online to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as proficient in managing trading, the pros already understand the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s range of features to their full advantage to improve their trading abilities. Like novices, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Through The Wall
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, it is best to keep an open mind. Timothy Sykes Through The Wall
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely 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 alternative to start.
FAQ Timothy Sykes Through The Wall
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade’ category of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market left and right.