Stock trading is a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were your peak. If you are always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your growth in the industry. This review will be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Vip
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 each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that was never previously done.” The concept was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students as well as) allowing all users to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Vip
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders, as you are also able to use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can decide to share your trades, verified or not, via screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’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 large marketplace as they can access funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their collective years of expertise. Timothy Sykes Vip
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Vip
The Superman Alerts plan is an package of vital features and trading alerts targeted 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 SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders of 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 people who are brand new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. This plan allows that you can set up an account that is private to share with other associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ stats that might be a drawback for those who are eager to try this new tier. Timothy Sykes Vip
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, with an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of more services it has to offer. One of those is its online store, where customers can pick from a range of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. Some may be a laid-back person who is rarely active, while another might be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products from its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at managing trading however, experienced traders know how it works along with the risky mix that it carries. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Timothy Sykes Vip
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready 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 capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- If traders decide to make any type of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Vip
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to learn from your peers and experts along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes Vip
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade’ category of the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high chance that it is verifiable. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.