Stock trading can be an extremely risky game. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be very difficult to get back to where you were at your most productive. If you are immersed in the water it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need 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 to improve your performance in the industry. In this review, we’ll take a look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Unto Others
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources 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 this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The concept was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers as well as) allowing anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Unto Others
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward success. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. It’s not just a way to show value to a group of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, whether verified or not, via photographs. In Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, as well as 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 trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of knowledge. Timothy Sykes Unto Others
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Unto Others
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, 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 and access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
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 get you going. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows you to use a majority of features from the Novice plan. This plan allows that you are able to create an account that is private to share with other associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats, which could be a problem for those who are eager to try this new tier. Timothy Sykes Unto Others
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, which includes an additional 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re looking for 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 training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be more laid back and rarely engaged, while another could be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as adept at dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Unto Others
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its users
- As traders may opt to make any type of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Unto Others
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Unto Others
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade category on the dashboard. It lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.