Stock trading can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you are immersed in the water You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve found an option that can help you to improve your performance in the industry. We’ll be taking 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.
Overall Rating: 4.1/5 Contact Tim Sykes
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those 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 range of resources to facilitate trade and communication that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” The concept was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers, and 2) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Contact Tim Sykes
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed towards achieving success. You can create an account on the site at no cost, however you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at how the community of traders performs as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. You are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you may opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile and other methods to connect with your gurus through the chatroom as well as 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 delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small businesses to transition to a market that is larger as they can access money from the general 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.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as a trader. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial profits through their years of expertise. Contact Tim Sykes
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: Founder as well as 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 packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize 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 and Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is a great option for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for 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. Contact Tim Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include 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 or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this package, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. 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.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for those eager to try this new tier. Contact Tim Sykes
This is by far the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month and an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which lets users choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You are probably familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly it’s seen as a real-time area where experts and members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One might be a laid-back person who is less active, while another might be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the plethora of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Contact Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons 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 fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main features, 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 images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its users
- As traders may opt to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many 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 were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Contact Tim Sykes
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s range of resources useful as they do their best 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!
If you really desire to be a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Contact Tim Sykes
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently 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 assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.