The stock market can be an extremely risky game. Some days, you could be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to return to the point you were at your peak. If you are immersed in the water, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your growth in the market. We’ll be taking the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tom Sykes Update
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders new to trading as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The concept Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers as well as) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Tom Sykes Update
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared at achieving success. You may set up an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs and its gurus. You’re not just allowed to show your worth to a large group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, then you could opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading is an opportunity for small-scale businesses to make the transition into a larger market because they can access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit from their combined years of expertise. Tom Sykes Update
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the most famous 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: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, email, text, 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 program. At $149.95 per month, this is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones 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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tom Sykes Update
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “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. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this package you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re interested in gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ statistics this might be a drawback for those anticipating this level. Tom Sykes Update
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a area where experts and members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be laid back and rarely engaged, while another could be more interactive and online to their pupils. Think of the chat rooms 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 caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to select from the products in its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works along with the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Tom Sykes Update
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout 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 authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to make any type 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 problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to provide
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, it is best to keep an open mind. Tom Sykes Update
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tom Sykes Update
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the “My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo 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 is an excellent likelihood that it can be verified. This is evident by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting 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 on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.