The stock market can be a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to where you were at your best. If you’re always in the mud, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your improvement in the industry. In this review, 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 Worth
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informed responsible, transparent, and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Worth
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward achievement. You can create an account at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its experts. It’s not just a way to prove that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, verified or not, via pictures. In Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom as well as 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 the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is an avenue for small businesses to transition to a market that is larger as they can access capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made substantial profits through their years of expertise. Timothy Sykes Worth
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will 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 of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Worth
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you do want to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you can create an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders this could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes Worth
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few other services they offer. One of these is its online store, which lets users pick from a range of video products that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a area where experts and members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is rarely active, while another might be more active and in touch to their pupils. 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 diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able select from the products from its online store for them to take wherever they may be. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Worth
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to increase the rating – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the many services the platform has to offer
The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Timothy Sykes Worth
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Worth
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you post 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 getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities left and right.