Stock trading is an extremely risky game. On certain days, you could have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to the point you were at your best. If you are always in the mud, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you in your improvement in the industry. This review will take a look at Profit.ly is a well-known one-stop 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 Wikipedia
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for professionals 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 honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students and secondly) giving all users to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes Wikipedia
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared at achieving achievement. It is possible to create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts 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.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not just a way to demonstrate that you’re worthy to the community of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may decide to share your trades, verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts through the chatroom in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. Penny stock trading is an avenue for small companies to move to a large marketplace 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 through his many years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits through their years of expertise. Timothy Sykes Wikipedia
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as 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 premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Wikipedia
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and 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 a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan 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 indispensable trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. In this plan, that you can create a private profile to share with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats, which might be a drawback for those eager to try this new tier. Timothy Sykes Wikipedia
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on 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 in dealing with the members. One might be more laid back and less active, while another might be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
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 enjoyment! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Wikipedia
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like 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’s something for all
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, it is best to keep curiosity. Timothy Sykes Wikipedia
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s range of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you really care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Wikipedia
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade category on the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
