Stock trading can be an extremely risky game. On certain days, you may have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were at your best. If you’re immersed in the water You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the market. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timskyes Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people new to trading as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus and newsletter writers and students, and 2) giving anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timskyes Profitly
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving success. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus via chatrooms 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 personality who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. Penny stock trading could be viewed as an opportunity for small businesses to transition into a larger market because they can access capital from the general public. However, don’t get it wrong – it can also be 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 high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trader. When he was 25 years old Sykes was 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 create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their combined years of expertise. Timskyes Profitly
At its peak, 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 a few others. As of this writing, however, only two gurus remain on the 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 look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is 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 most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timskyes Profitly
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base 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 daily video lessons, which include the growing collection of other previous ones. Additionally, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed to this plan, you will be immediately given a slew of robust and essential 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 do with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to have the benefit of this service, you should 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. In this plan, that you are able to create a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their expertise in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats that might be a drawback for some who may be eager to try this new tier. Timskyes Profitly
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, with a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. One of them may be laid back and rarely engaged, while another could be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products on its store online for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable to those who are just starting. While the newbies may not be as proficient in handling trading matters, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Timskyes Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, you should have an open mind. Timskyes Profitly
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be better at trading and wish to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timskyes Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the “My Trade category on the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.