The stock market can be an exciting game with high stakes. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be very difficult to return to where you were at your most productive. If you are immersed in the water You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your growth in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Turning 500 Into 5000 Timothy Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin 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 style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter authors and students as well as) allowing all users to be enlightened by both the wins and losses to benefit the industry of trading. Turning 500 Into 5000 Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of services and features geared towards achieving success. You can create an account at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities 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 it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
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 up to at the very top of the list. Profit.ly’s leaders’ board 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 only a chance to show your worth to a group of traders, as you are also able to use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can decide to share your trades, either verified or not, by taking photographs. In Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus through the chatroom in addition to notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial amounts of money from their collective years of experience. Turning 500 Into 5000 Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: 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 Sykes: Tim’s Alerts
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’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Turning 500 Into 5000 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 an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the market, 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 look at what the three 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 community. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats that could be a disadvantage for some who may be eager to try this new tier. Turning 500 Into 5000 Timothy Sykes
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes an additional 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few additional services that it can provide. One of those is its online store, which lets users pick from a range of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One might be more laid back and rarely active, while another may be more interactive and online with their students. Think of chat rooms like 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 cater to a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may use Profit.ly’s array of features to their best advantage to improve their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Turning 500 Into 5000 Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you should have an open mind. Turning 500 Into 5000 Timothy Sykes
What we do mean”yes” is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s array of resources useful as they do their best to avoid losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Turning 500 Into 5000 Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the “My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on 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 learn and improve in acquiring opportunities in the stock market both right and left.