Stock trading can be an extremely risky game. On certain days, you could have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to the point you were at your peak. If you find yourself immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require 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 found a platform that can support you in your growth within the field. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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 Tym Sykes Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people new to trading and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The idea, he added, served two objectives: one) making public records for not just the gurus, but also the newsletter authors and students as well as) allowing everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Tym Sykes Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving the success of their business. You may set up an account for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a community of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you can opt to post your trades, verified or otherwise, through photographs. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus through the chatroom as well as email and text alerts 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 the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Tym Sykes Profitly
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, 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. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
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 program. Priced at $149.95 per month, it is a great option for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tym Sykes Profitly
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is 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 the previous ones. In addition, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $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 account, making your activities publicly available. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders this might be a drawback for those eager to try this new tier. Tym Sykes Profitly
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features 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. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to pick from a range of video products designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You are 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 in Profit.ly it’s seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One of them may be a laid-back person who is not very often active, while another may be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able to select from the products on its store online that they can take with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to those who are just starting. While the newbies may not be as proficient in managing trading however, experienced traders know how it works along with the risky mix that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Tym Sykes Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the number of services that the platform can provide
The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you need to have an open mind. Tym Sykes Profitly
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s array of resources useful in their efforts to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Tym Sykes Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.