The stock market can be a high-stakes game. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were at your best. If you find yourself constantly stuck in the gutter it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance in the market. In this review, we’ll take a look at Profit.ly A well-respected all-in-one 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 Trader Checklist Timothy Sykes
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed, transparent, accountable, and uplifting with one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders new to trading 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 array of options for trade and communication and letting 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 an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus and newsletter authors and students, and 2) making it possible for all users to learn from both the wins and losses to the benefit of the trading industry. Trader Checklist Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving achievement. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into the performance of the trading community and its gurus. It’s not just a way to prove value to a community of traders. 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 concept of leaking information about your account with a brokerage, then you could opt to post your trades, either verified or otherwise, through pictures. Included in Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market is a stepping stone for small companies to move to a market that is larger as they can access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trading professional. At 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 made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned significant amounts of profit through their years of experience. Trader Checklist Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world 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. At the time of writing only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, as well as email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Trader Checklist Timothy Sykes
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use many of the features of the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their expertise in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders that might be a drawback for those looking forward to this tier. Trader Checklist Timothy Sykes
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which lets users select from a variety of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. Some may be a laid-back person who is not very often active, while another may be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that the process is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works and the risky mix that it carries. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Trader Checklist Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. Trader Checklist Timothy Sykes
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources useful when they try their best to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Trader Checklist Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on 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 using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.