Stock trading can be an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to return to where you were your peak. If you’re always in the mud it is important to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need 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 a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Learn How To Make Millions Trading Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” This idea was, he said, serving two objectives: one) making public records for not just the gurus and newsletter writers and students, and 2) making it possible for all users to learn from the losses and wins for the trading industry’s benefit. Learn How To Make Millions Trading Tim Sykes
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed at achieving the success of their business. 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 ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at how the community of traders performs and its gurus. You’re not just allowed to show value to a community of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can opt to post your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet Tim Sykes, 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-sized company’s stock which trades at 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 allows them to access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete 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 platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money through their years of expertise. Learn How To Make Millions Trading Tim Sykes
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, 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 trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and 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 most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Learn How To Make Millions Trading Tim Sykes
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
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 create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their skills in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders that could be a disadvantage for those looking forward to this tier. Learn How To Make Millions Trading Tim Sykes
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can select from a variety of videos created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other things trading-related, clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be laid back and less active, while another might be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it offers, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to select from the products in its online store for them to take wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s range of features to their full advantage to develop their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Learn How To Make Millions Trading Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the many 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 would be an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have an open mind. Learn How To Make Millions Trading Tim Sykes
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and perform better than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Learn How To Make Millions Trading Tim Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities both right and left.
