Stock trading can be a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be very difficult to return to where you were at your best. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you to improve your performance in the industry. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Best Brokerage Account Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and encouraging one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” This idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers, and 2) allowing all users to gain insight into both the wins and losses to the benefit of the trading industry. Best Brokerage Account Timothy Sykes
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You can create an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor the activities 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 sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders, but you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can opt to post your trades, verified or not, via pictures. In Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways 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 trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market can be seen as an avenue for small businesses to transition to a market that is larger as they can access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial profits from their combined years of experience. Best Brokerage Account Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, text, e-mail, 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 package. At $149.95 monthly, this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Best Brokerage Account Timothy Sykes
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also gain an access to high-quality research papers as well as 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 market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan will cost $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 looking to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private to share with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their skills in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ stats, which could be a problem for some who may be eager to try this new tier. Best Brokerage Account Timothy Sykes
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes 22% off for billing annually This plan offers everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, which allows users to choose from a wide array of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. 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. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be more laid back and less active, while another may be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to develop their skills in trading. Like novices, they can study from the gurus 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. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Best Brokerage Account Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you should have an open mind. Best Brokerage Account Timothy Sykes
What we are referring to”yes” is that it can be a great learning tool. People who are stuck might find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Best Brokerage Account Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard. It lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your friends and 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 see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.
