Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Timothy Sykes Trading Checklist
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those new to trading and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of this 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 validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and newsletter authors and students, and 2) giving all users to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Trading Checklist
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed at achieving success. You can create an account on the site for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its gurus. It’s not just a way to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile and other methods to interact with your experts via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents 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 capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He made use of the show 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 to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing 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. These gurus refer to the trading experts who have made significant amounts of profit from their combined years of experience. Timothy Sykes Trading Checklist
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus 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 the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional 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 swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Trading Checklist
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with 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 the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your personal information public. If you’re looking to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
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 an account that is private to share with fellow associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders that could be a problem for some who may be eager to try this new tier. Timothy Sykes Trading Checklist
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 each month and a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few other services they offer. One of them is the online store, where customers can choose from a wide array of videos designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a place where gurus and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the members. One might be laid back and less active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can choose from the items from its online store to carry with them wherever they may be. They can also gain hands-on experience trading on the platform, however they’ll realize that trading is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as adept at managing trading, the pros already understand the way it functions and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Trading Checklist
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you should have curiosity. Timothy Sykes Trading Checklist
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s array of resources helpful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Trading Checklist
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are 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 app version is compatible with most working smartphones and tablets.
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 on the stock market all over the world.