The stock market can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to get back to where you were your peak. If you find yourself immersed in the water it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your improvement in the market. In this review, we’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Kunal Vs Timothy Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative responsible, transparent, and encouraging each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading 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 using the aid 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 also allows gurus to make worthy investments within the boundaries of the platform. Think of it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students as well as) allowing anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Kunal Vs Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared toward achievement. It is possible to create an account there for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at the performance of the trading community as well as its experts. It’s not just a way to prove your worth to a community of traders. You can also use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile and other methods to communicate with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit through their years of experience. Kunal Vs Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and 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, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Kunal Vs Timothy Sykes
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this package you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package 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 giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to get 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 package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you can set up an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Kunal Vs Timothy Sykes
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which lets users select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. Some may be more laid back and less engaged, while another could be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able select from the products from its online store to carry with them wherever they travel. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as proficient in managing trading however, experienced traders know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Kunal Vs Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have an open mind. Kunal Vs Timothy Sykes
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources helpful when they try their best to reduce loss and perform better than they did before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Kunal Vs Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.