Stock trading is an exciting game with high stakes. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Work With Tim Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are starting out and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Work With Tim Sykes
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 toward success. You may set up an account on the site at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to prove that you’re worthy to the large group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through photographs. 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 other methods to connect with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition into a larger market because they can access money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as a trader. At the age of 25 Sykes was given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place 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 most appealing features is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit through their years of knowledge. Work With Tim Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast 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 to iOS and Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has 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 all-time trading earnings. Work With Tim Sykes
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, the daily market commentary shown 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 an extensive base of knowledge provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition, you’ll also get an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for traders with different levels. Let’s look at what the three levels are and what 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 world of trading. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets users to benefit from many of the features of The Novice package. In this plan, that you are able to create a private profile for sharing with fellow associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats that could be a problem for those eager to try this new tier. Work With Tim Sykes
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, and 22% off when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to choose from a wide array of videos created to help you understand the nuances and pitfalls of trading. The products listed 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 from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and clips of the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. 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 hands-on space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. One of them may be laid back and rarely active, while another may be more online and communicative with their students. Consider 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 the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. They’ll also be able choose from the items on its store online for them to take wherever they may be. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Work With Tim Sykes
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 a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep an open mind. Work With Tim Sykes
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful as they do their best to avoid loss and perform better than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Work With Tim Sykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the “My Trade category on the dashboard. It lets you record your trades that are verified or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.