Stock trading can be an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to the point you were at your peak. If you’re constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you to improve your performance in the market. This review will be taking an in-depth look at Profit.ly is a well-known 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 Profitly Timsykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are just beginning their journey and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that has never been prior to.” The idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. Profitly Timsykes
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward success. You can create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its experts. You’re not just allowed to show that you’re worthy to the large group of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small companies to move to a large marketplace as 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 can surely tell through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and 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 place for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned significant amounts of profit from their collective years of expertise. Profitly Timsykes
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices; text, e-mail, 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 per month, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly Timsykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. This plan allows that you can create an account that is private for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their trading skills. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for some who may be eager to try this new tier. Profitly Timsykes
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 each month with a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. Both of these features, in addition to the advantages you’ll be able to 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 ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can select from a variety of videos designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One might be more laid back and not very often active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and their members. Additionally, they can choose from the items on its store online for them to take wherever they travel. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are on the same level as 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. Profitly Timsykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have curiosity. Profitly Timsykes
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s array of resources useful in their efforts to reduce losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Timsykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the “My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.
