The stock market can be an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were at your peak. If you find yourself immersed in the water, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you to improve your performance in the market. In this review, we’ll take a look at Profit.ly, a well-recognized all-in-one 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 Better Than Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are starting out as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment guru 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 showing all trades, something that was never previously done.” The concept Sykes said served two objectives: one) making public records for not just the gurus, but also the newsletter authors and students, and 2) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Better Than Tim Sykes
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving achievement. You may set up an account for free, but you’re limited to access to the leaderboard and follow 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 join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not just a way to prove value to a group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the idea of sharing the details of your broker account you may choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market could be viewed as an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, 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 wide range of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of expertise. Better Than Tim Sykes
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $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 possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to 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 premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Better Than Tim Sykes
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use many of the features of the novice plan. It is in this plan that you can create a private profile to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats that might be a drawback for some who may be anticipating this level. Better Than Tim Sykes
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the options of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, where customers can pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader specialist 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 scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. One might be a laid-back person who is not very often engaged, while another could be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, however, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as proficient in handling trading matters but the experts already know how it works and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Better Than Tim Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep curiosity. Better Than Tim Sykes
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Better Than Tim Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard. It lets you record your trades, either verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does 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 the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
