The stock market can be an extremely risky game. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were at your most productive. If you’re constantly stuck in the gutter, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth within the field. In this review, we’ll take 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 Working With Timothy Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative responsible, transparent, and uplifting with each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” The idea, he added, served two purposes: 1) making public records for not just the gurus, but also the students and newsletter writers as well as) giving all users to gain insight into both the wins and losses to benefit the industry of trading. Working With Timothy Sykes
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. You may set up an account at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to demonstrate your worth to a large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you can opt to post your trades, verified or not, by taking pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom 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 efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a large marketplace as they can access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of expertise. Working With Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the 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 take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Working With Timothy Sykes
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders at 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 beginning-of-the-line plan 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 given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you will not be able to see the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Working With Timothy Sykes
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create a private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, where customers can choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You may be familiar with the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. Some may be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can choose from the items on its store online to carry with them wherever they be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Working With Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, it is best to keep curiosity. Working With Timothy Sykes
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources helpful as they do their best to reduce losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Working With Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades under the “My Trade section of the dashboard that lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.