Stock trading is a high-stakes game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement in the market. We’ll be taking the time to look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Who Is Timothy Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed, transparent, accountable, and to build relationships with each other by offering a 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 site that functions as a learning and training platform for people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter authors and students as well as) allowing anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Who Is Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed toward achievement. You can create an account for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to prove that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The penny stock market is a stepping stone for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have earned significant amounts of profit through their years of expertise. Who Is Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of 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 packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices; texts, emails 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Who Is Timothy Sykes
The Superman Alerts plan is his package of vital features and trading alerts targeted 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 updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. This plan allows that you can create a private profile to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ stats this could be a problem for some who may be looking forward to this tier. Who Is Timothy Sykes
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be more laid back and rarely active, while another may be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items from its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, however they’ll realize that the process is a risky game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with managing trading however, experienced traders know the way it functions and the plethora of risks that it carries. Ideally, they may use Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Who Is Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as 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 verifiable trader
- In addition to its primary abilities, 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 subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- As traders may opt to post any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Who Is Timothy Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck might discover Profit.ly’s range of resources helpful as they do their best to reduce losses and be more successful than they did before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Who Is Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade category on the dashboard. It lets you record your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities left and right.