Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to where you were your best. If you are always in the mud, you will have to recognize that relying on instinct and survival 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. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your growth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Website
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out and as a hub for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two purposes: 1) making public records for all traders, not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Website
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed at achieving success. It is possible to create an account there at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at how the community of traders performs as well as its experts. It’s not only a chance to show your worth to a large group of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could opt to post your trades, either verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile, and more ways to interact with your experts via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market is an opportunity for small businesses to transition to a market that is larger as they can access funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit through their years of expertise. Timothy Sykes Website
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, 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. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for 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 premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released weekly.
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 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 total trading earnings. Timothy Sykes Website
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself, via the 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 get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to use many of the features of the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to see the statistics of other traders that might be a drawback for some who may be anticipating this level. Timothy Sykes Website
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, which lets users choose from a wide array of video products created to guide you through the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One of them may be laid back and not very often active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products from its online store to carry with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Website
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them may take advantage 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 will immediately benefit from the many services the platform has to offer
The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Website
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and perform better than they did before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Website
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the ‘My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people 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 App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.