The stock market can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve found a platform that can support you in your improvement within the field. This review will be taking a look at Profit.ly A well-respected 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 Position Size Tim Sykes
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative, transparent, accountable, and uplifting with each other by offering a wide array of tools and features including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus and newsletter authors and students, and 2) giving everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Position Size Tim Sykes
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range 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 given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a large group of traders. You can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or not, via pictures. Also included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet 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, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have made significant amounts of profit through their years of knowledge. Position Size Tim Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Position Size Tim Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. As you sign to this plan you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. This plan allows that you can create a private profile to share with other associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for those who are eager to try this new tier. Position Size Tim Sykes
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, and 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all the features from the two prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a space where experts and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be laid back and less active, while another might be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products in its online store for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to people who are just beginning. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Position Size Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call 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 abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Position Size Tim Sykes
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful as they do their best to avoid losses and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Position Size Tim Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard that lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.