The stock market can be an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be extremely difficult to return to where you were at your peak. If you are always in the mud You will need to realize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you to improve your performance in the market. We’ll take an in-depth look at Profit.ly, a well-recognized all-in-one 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 Video
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative responsible, transparent, and to build relationships with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for communication and trade and letting traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts, but also the students and newsletter writers and secondly) giving anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Video
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account there for free, but you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community and its experts. It’s not just a way to prove your worth to a community of traders. You are also able to use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could opt to post your trades, either verified or not, via photographs. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus in 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 personality who is well-known for his involvement in penny stock trading. 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 allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made substantial profits from their collective years of experience. Timothy Sykes Video
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Video
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that cater to traders of different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use 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 information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Timothy Sykes Video
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and footage from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to the most experienced. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works along with the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman and 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 Video
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and 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 if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many features the platform is able to offer
The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s 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 intended to be created in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Video
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources helpful in their efforts to avoid 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!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Video
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades within the ‘My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, 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 most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.