Stock trading is a high-stakes game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to where you were at your peak. If you’re constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance in the industry. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected one-stop 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 Investing 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 various levels to be informative responsible, transparent, and encouraging each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades 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 authentic and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter authors and students and secondly) allowing everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Investing Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t 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 offerings, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to show that you’re worthy to the group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, verified or otherwise, through pictures. In Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus in 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 is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their collective years of expertise. Investing Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader 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 packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, such as alerts for swing trading and access to a library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Investing Timothy Sykes
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 access to the daily premarket stock watchlist along with the mobile app, the daily market updates 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 a knowledgeable base that is provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain the benefit of this service, 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 package. In this plan, that you are able to create an account that is private to share with other associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for those looking forward to this tier. Investing Timothy Sykes
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month and an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered 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 looking for an option that gives you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few other services they provide. One of these is its online store, where customers can pick from a range of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the chat room as you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One might be laid back and rarely engaged, while another could be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to select from the products in its online store to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works along with the risky mix that come with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Investing 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 across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you should have the ability to think with an open heart. Investing Timothy Sykes
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Investing Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.
