Stock trading is an exciting game with high stakes. On some days, you could have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you’re immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your improvement in the market. We’ll take a look at Profit.ly is a well-known 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 Traders Checklist
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those 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. It provides users with a vast array of options for trade and communication, it helps traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance 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 trades are valid and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The concept Sykes said served two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Timothy Sykes Traders Checklist
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed at achieving success. You may set up 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 to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to show your worth to a group of traders, but you can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can choose to publish your trades, whether verified or not, via screenshots. In Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit through their years of expertise. Timothy Sykes Traders Checklist
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Traders Checklist
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers 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 new to the trading world. Once you have signed up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
The list of features 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 texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re looking to have access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. In this plan, that you can create a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those eager to try this new tier. Timothy Sykes Traders Checklist
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products in its online store to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as adept at dealing with trading issues, the pros already understand the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! 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 showcase their skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Traders Checklist
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by 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 the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, it is best to keep curiosity. Timothy Sykes Traders Checklist
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could discover Profit.ly’s range of resources to be helpful in their efforts to reduce loss and perform better than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to be taught by your peers and experts on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Traders Checklist
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the ‘My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is a high chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.