Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to return to where you were your most productive. If you are immersed in the water it is important to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement in the industry. In this review, we’ll take the time to 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.
Total Rating: 4.1/5 Level 2 For Investorslive Tim 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 allows traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as an online social media platform similar to 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 for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing every trade, something that was never prior to.” This idea, he added, served two objectives: one) making public records for not just the gurus, but also the students and newsletter writers, and 2) allowing everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Level 2 For Investorslive Tim Sykes
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward the success of their business. You can create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at their performance as a trading group as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders. 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 are unsure about the idea of sharing the details of your broker account you may opt to post your trades, whether verified or not, via photographs. Included in Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile and other methods to communicate with your gurus via chatrooms 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 is famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. At 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and 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 for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their combined years of experience. Level 2 For Investorslive Tim Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the 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 look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A single purchase in 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.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Level 2 For Investorslive Tim Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you do want to have the benefit of this service, 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 plan. This plan allows that you can create a private profile 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 will do what the name implies caters people who want to develop their trading skills. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders this could be a problem for those eager to try this new tier. Level 2 For Investorslive Tim Sykes
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features from the two prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these options, plus the other 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 tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of these is its online store, where customers can pick from a range of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items on its store online that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that the process is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s variety of features to their best advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Level 2 For Investorslive Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range 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 products and packages offered might not be enough for the majority of its customers
- If traders decide to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Level 2 For Investorslive Tim Sykes
What we mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s array of resources to be helpful as they do their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Level 2 For Investorslive Tim Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
