Stock trading can be an extremely risky game. On certain days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve discovered an online platform that will help you to improve your performance in the industry. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Forex Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept Sykes said served two objectives: one) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) giving anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Forex Tim Sykes
How Does It Perform?
Profit.ly is a subscription-based platform 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 at no cost, however you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at the performance of the trading community and its experts. It’s not just a way to prove value to a large group of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you can decide to share your trades, whether verified or not, by taking pictures. In Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have made significant amounts of profit through their years of expertise. Forex Tim Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: Founder and penny stock trader 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 packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
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, it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Forex Tim Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will 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 up for this package you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. It is in this plan that you can set up an account that is private to share with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for those who are eager to try this new tier. Forex Tim Sykes
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users select from a variety of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and clips from 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 features and services. You may be familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and member traders can communicate 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 of them may be more laid back and not very often active, while another may be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that trading is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Forex Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and 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 capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Forex Tim Sykes
What we do mean”yes” is it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources to be helpful in their efforts to reduce loss and perform better than before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be a better trader and want to be taught by your peers and experts along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Forex Tim Sykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the “My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, 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 on the stock market left and right.
