Stock trading is an exciting game with high stakes. On 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 extremely difficult to get back to the point you were at your most productive. If you are immersed in the water, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your growth in the market. In this review, we’ll take a look at Profit.ly, a well-recognized 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 London Real Tim Sykes
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
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 and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an 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 done before.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students as well as) making it possible for everyone on the platform to learn from both losses and wins for the trading industry’s benefit. London Real Tim Sykes
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. It is possible to create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions of non-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 that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account then you could choose to publish your trades, verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’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 it gives them access to money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of knowledge. London Real Tim Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder of the penny stock market 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. London Real Tim Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, daily market updates in real-time, and email and SMS alerts.
In “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 through the 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 get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with 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 your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you are able to create a private profile for sharing with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their expertise in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics, which could be a problem for those looking forward to this tier. London Real Tim Sykes
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, and an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of those is its online store, which lets users select from a variety of instructional videos that are created to 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. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is less engaged, while another could be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items on its store online for them to take wherever they may be. You can also get hands-on experiences from trading within the platform, however they’ll realize that this is a high stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suitable to them as the newcomers. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. London Real Tim Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core capabilities, 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 wide array of packages and subscription levels are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of products and packages offered might not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you need to have curiosity. London Real Tim Sykes
What we mean”yes” is it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful in their efforts to reduce losses and be more successful than before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good option to begin.
FAQ London Real Tim Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade section of the dashboard. It lets you record your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.