Stock trading is an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you are always in the mud You will need to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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 Trader Checklist
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and encouraging each other through its broad array of tools and features like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts as well as students and newsletter writers as well as) making it possible for everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Timothy Sykes Trader Checklist
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving the success of their business. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at the performance of the trading community and its experts. It’s not only a chance to show your worth to a community of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account then you could choose to publish your trades, either verified or not, via screenshots. In Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been 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. Penny stock trading is an avenue for small businesses to transition to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made substantial profits through their years of expertise. Timothy Sykes Trader Checklist
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most prominent experts 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 this platform: 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 the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, it is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Trader Checklist
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge 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 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 and an IPO and earnings tracker.
Profit.ly Plans 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 resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re interested in have the benefit of this service, keep an eye on us as we present 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. It is in this plan that you can create a private profile to share with other associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders this could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Trader Checklist
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, and a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed 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 trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and not very often active, while another may be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they 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 select from the products on its store online for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix associated with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! 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 skill to others in order to assist them in the ever-changing trading process. Timothy Sykes Trader Checklist
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- 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 on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its users
- As traders may opt to make any type of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you should have the ability to think with an open heart. Timothy Sykes Trader Checklist
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful when they try their best to incur lesser losses and be more successful than before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Trader Checklist
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the My Trade section of the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.
