Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were at your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the market. This review will be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Centerpoint Brokerage Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been done before.” This idea was, he said, serving two goals: 1.) creating public track records for not just the gurus and students and newsletter writers as well as) making it possible for all users to be enlightened by the losses and wins to benefit the industry of trading. Centerpoint Brokerage Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared at achieving success. You can create an account for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to show that you’re worthy to the large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, verified or not, by taking pictures. Included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks is an avenue for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. Centerpoint Brokerage Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the 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 this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for 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 most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Centerpoint Brokerage Timothy Sykes
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that you’ll also have access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from many of the features of The Novice package. It is in this plan that you can create a private profile to share with other associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ stats that might be a drawback for those looking forward to this tier. Centerpoint Brokerage Timothy Sykes
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 per month, with 22% off for billing annually, this tier has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can offer. One of those is its online store, where customers can choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. Some may be more laid back and not very often active, while another might be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room advice by its internal gurus and their members. They’ll also be able select from the products from its online store to carry with them wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach 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 on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Centerpoint Brokerage Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s 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 by using accurate data as well as other traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Centerpoint Brokerage Timothy Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser loss and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your peers and experts along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Centerpoint Brokerage Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the “My Trade category on the dashboard which allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public are able to identify who is 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 as well as in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
