Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your best. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you in your improvement within the field. This review will 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.
Total Rating: 4.1/5 Follow Tim Sykes On Stocks To Trade
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two purposes: 1) creating public track records for not just the gurus as well as newsletter writers and students, and 2) giving anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Follow Tim Sykes On Stocks To Trade
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving the success of their business. You can create an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into how the community of traders performs and its gurus. It’s not just a way to prove that you’re worthy to the community of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the credibility of their claims.
If you are unsure about the idea of divulging your brokerage account, then you could choose to publish your trades, whether verified or not, via screenshots. In Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, 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 proven to make substantial amounts of money from their collective years of experience. Follow Tim Sykes On Stocks To Trade
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the prominent experts were 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: Founder of the penny stock market 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 packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Follow Tim Sykes On Stocks To Trade
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to use many of the features of the novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics this might be a drawback for those anticipating this level. Follow Tim Sykes On Stocks To Trade
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with an additional 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which allows users to choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be laid back and not very often engaged, while another could be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works along with 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. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Follow Tim Sykes On Stocks To Trade
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can provide
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you should have curiosity. Follow Tim Sykes On Stocks To Trade
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser loss and perform better than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Follow Tim Sykes On Stocks To Trade
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.