Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance within the field. This review will take a look at Profit.ly, a well-recognized single-stop social platform to trade!
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.
Overall Rating: 4.1/5 Profitly Tim Alerts
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are starting out and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two purposes: 1) making public records for everyone, not just the experts, but also the students and newsletter writers as well as) making it possible for anyone on the platform to learn from both losses and wins to benefit the industry of trading. Profitly Tim Alerts
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving achievement. You may set up an account on the site for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to show that you’re worthy to the large group of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through photographs. In Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small companies to move to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you 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 an estimated $6 million earnings through his lengthy career as trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial profits through their years of knowledge. Profitly Tim Alerts
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who 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. When we take that into account Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Tim Alerts
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition you’ll also gain the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign to this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, thus making your actions public. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use a majority of features from The Novice package. This plan allows that you can set up an account that is private for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics this might be a drawback for those anticipating this level. Profitly Tim Alerts
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes 22% off for billing annually the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which lets users choose from a wide array of video products created to guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One might be more laid back and not very often active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items on its store online for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s range of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Profitly Tim Alerts
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you need to have an open mind. Profitly Tim Alerts
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful as they do their best to reduce losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly may be a great option to begin.
FAQ Profitly Tim Alerts
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 that lets you post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are 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 and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.
