Stock trading is an extremely risky game. Some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself immersed in the water it is important to realize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you to improve your performance in the industry. 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 Price Types Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed responsible, transparent, and encouraging each other through its broad array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for experts 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 trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The idea was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter authors and students as well as) making it possible for all users to learn from both the wins and losses to benefit the industry of trading. Price Types 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 can create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to demonstrate value to a community of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account, and more ways 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 personality who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a large marketplace as they can access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits through their years of knowledge. Price Types Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. When we take that into account, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
Tim Sykes: 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 comes with all the standard features of the previous plan, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for 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 earnings. Price Types Timothy Sykes
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and essential 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 do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, 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 might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your actions public. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. This plan allows that you can create a private profile to share with other associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders that might be a drawback for some who may be anticipating this level. Price Types Timothy Sykes
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 per month, with 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few additional services that it can offer. 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. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like 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 aspects of trading. There are also clips and clips from events like 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 array of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is less active, while another may be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room advice by its internal gurus and their members. Additionally, they can select from the products on its store online to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at handling trading matters, the pros already understand how it works along with the risky mix that it carries. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Price Types Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Price Types Timothy Sykes
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources helpful when they try their best to avoid losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become 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 option to begin.
FAQ Price Types Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the ‘My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application 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 working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.
