The stock market can be a high-stakes game. On some days, you may have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to get back to the point you were at your most productive. If you are immersed in the water You will need to realize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth within the field. In this review, we’ll take the time to look at Profit.ly is a well-known single-stop social platform to trade!
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.
Total Rating: 4.1/5 Cnn 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 permits traders of different levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options to facilitate 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. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The idea, he added, served two goals: 1.) making public records for everyone, not just the experts and newsletter authors and students as well as) making it possible for all users to learn from the losses and wins for the trading industry’s benefit. Cnn Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared at achieving the success of their business. You can create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to show value to a large group of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can choose to publish your trades, either verified or not, by taking pictures. Also included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, along with 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 personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. Penny stock trading is an avenue for small companies to move into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as a trader. At the age of 25, he had been given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial amounts of money from their collective years of expertise. Cnn Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche 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 only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
Tim Sykes: 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 for a month this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Cnn Timothy Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition, you’ll also get the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you’re interested in have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics this might be a drawback for those who are looking forward to this tier. Cnn Timothy Sykes
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month which includes an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these options, 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 tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of these is its online store, where customers can select from a variety of video products 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 the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a place where gurus and their members can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One of them may be laid back and not very often active, while another might be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able choose from the items in its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, however they’ll realize that trading is a risky game that should not be viewed as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as adept at managing trading but the experts already know how it works and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Trade professionals who are on the same level as 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 navigate them through the ever-changing trading process. Cnn Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Cnn Timothy Sykes
What we mean”yes” is it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources helpful in their efforts to incur lesser losses and perform better than before. It’s not just the 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 want to become better at trading and wish to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Cnn Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, 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 operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
