Stock trading can be an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were your most productive. If you find yourself always in the mud it is important to realize that relying on instinct and survival is not always enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. We’ll 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. 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 Wife Bianca
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The concept Sykes said served two purposes: 1) creating public track records for everyone, not just the experts and newsletter writers and students and secondly) allowing everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Wife Bianca
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account on the site at no cost, however you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, as well as email and text alerts 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 the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed 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 public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made significant amounts of profit from their collective years of knowledge. Timothy Sykes Wife Bianca
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most 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 the platform: 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 the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Wife Bianca
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
The film “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 through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also gain an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to use many of the features of The Novice package. It is in this plan that you can create an account that is private to share with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats this could be a problem for some who may be anticipating this level. Timothy Sykes Wife Bianca
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, which includes a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, in addition to 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 trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, where customers can select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and members can interact 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 a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and members. Additionally, they can select from the products in its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Wife Bianca
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to 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 were able to come up with the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you should have an open mind. Timothy Sykes Wife Bianca
What we do mean”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s array of resources useful as they do their best to incur lesser losses and perform better than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Wife Bianca
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard that lets you record your trades, verifiable or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using 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 buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.