Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were at your peak. If you’re immersed in the water You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your growth in the industry. 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 Larry King Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” The concept Sykes said served two objectives: one) keeping track of public data for not just the gurus and students and newsletter writers, and 2) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Larry King Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into their performance as a trading group and its experts. You’re not just allowed to prove your worth to a large group of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, along with email and text alerts 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 penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading can be seen as an opportunity for small companies to move into a larger market because they can access capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits from their combined years of expertise. Larry King Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder and 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, 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 premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans such as swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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 when he first started trading, Superman has amassed over $5.5 million in trading earnings. Larry King Timothy Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three tiers 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 new to the trading world. Once you have signed up for this package, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. In this plan, that you are able to create an account that is private to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their trading skills. 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’ statistics this could be a disadvantage for some who may be looking forward to this tier. Larry King Timothy Sykes
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating a private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of other services they offer. One of these is its online store, which allows users to choose from a wide array of video products created to help you understand the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and footage of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be more laid back and rarely active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide 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 this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can choose from the items on its store online for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suited to them as those who are just starting. Although the novices might not be as adept at dealing with trading issues however, experienced traders know how it works and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Larry King Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main features, 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 diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you need to have curiosity. Larry King Timothy Sykes
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Larry King Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the “My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this 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 the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.
