Stock trading is an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced occasional losses 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 globe. That’s why we’ve found an online platform that will help you in your improvement within the field. In this review, we’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Best Platform Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as a social media site akin 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 form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students as well as) making it possible for everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Best Platform Timothy Sykes
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its experts. You’re not just allowed to demonstrate your worth to a group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you can choose to publish your trades, verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts through the chatroom along with 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 guru who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading is an opportunity for small businesses to transition into a larger market because they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. At the age of 25 Sykes was given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit through their years of experience. Best Platform Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the most prominent experts 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 this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices; text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Best Platform 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 an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you do want to have an account with this option, 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. This plan allows that you can set up an account that is private to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Best Platform Timothy Sykes
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe 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 additional services that it can provide. One of these is its online store, which lets users pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a space where experts and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. Some may be more laid back and rarely engaged, while another could be more online and communicative with their students. Think of 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 trader types, from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading but the experts already know how it works and the risky mix that come with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners 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 the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Best Platform Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- If traders decide to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: 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 this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you should have the ability to think with an open heart. Best Platform Timothy Sykes
What we mean”yes” is it can be a great learning tool. Those who may be stuck could find Profit.ly’s range of resources to be helpful as they do their best to reduce loss and perform better than before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Best Platform Timothy 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 section of the dashboard. It lets you post 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 the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are 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 works with all functioning tablets and smartphones.
How many are on 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 learn and improve in acquiring stock market opportunities all over the world.
