Stock trading is an extremely risky game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your peak. If you are always in the mud You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you to improve your performance in the industry. In this review, we’ll be taking a look at Profit.ly is a well-known 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 Steven Dux
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter authors and students as well as) giving all users to be enlightened by the losses and wins for the trading industry’s benefit. Profitly Tim Steven Dux
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared toward the success of their business. You can create an account there for free, but you’re limited to the capability to browse the leaderboard and follow the actions of non-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 subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove value to a large group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet Tim Sykes, 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 Penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and 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 of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial profits from their collective years of knowledge. Profitly Tim Steven Dux
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who 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 we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through 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 anticipate the next possible moves in trading.
A single purchase 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, text, e-mail 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 program. Priced at $149.95 monthly, this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Tim Steven Dux
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers 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 those who are just beginning their journey to the trading community. As you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can do with 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 texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ stats this could be a disadvantage for those who are looking forward to this tier. Profitly Tim Steven Dux
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month which includes a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users pick from a range of videos created to help you understand the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and share 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 laid back and not very often engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able select from the products from its online store for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s range of features to their best advantage to enhance their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Profitly Tim Steven Dux
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you should have an open mind. Profitly Tim Steven Dux
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s array of resources useful when they try their best to reduce losses and perform better than they did before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly Tim Steven Dux
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade section of the dashboard. It lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are connected to 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 to help one another grow and learn more about acquiring opportunities on the stock market both right and left.