Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to return to where you were at your most productive. If you’re immersed in the water, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you in your improvement within the field. We’ll take a look at Profit.ly, a well-recognized 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 Up There
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative responsible, transparent, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never done before.” The concept was, he said, serving two goals: 1.) making public records for all traders, not just the gurus as well as students and newsletter writers and secondly) allowing all users to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Up There
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into their performance as a trading group and its gurus. You’re not just allowed to prove your worth to a group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account as well as other ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as a trader. When he was 25 years old Sykes was given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have made substantial profits from their collective years of expertise. Timothy Sykes Up There
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent gurus 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 the platform: the founder as well as 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 packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast 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 app that’s available for iOS and Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Up There
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
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 resources to get you started. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from many of the features of the novice plan. This plan allows that you can create a private profile to share with other associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their trading skills. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, you will not be able view other traders’ statistics, which might be a drawback for some who may be eager to try this new tier. Timothy Sykes Up There
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all features of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, which lets users choose from a wide array of video products designed to inform and help you understand the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. Some may be more laid back and rarely active, while another may be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to them as the newcomers. While the newbies may not be as adept at handling trading matters but the experts already know how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Up There
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. Timothy Sykes Up There
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s range of resources useful in their efforts to reduce losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become more successful in trading and would like 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 Up There
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the My Trade section of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 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 both right and left.