Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were your peak. If you’re constantly stuck in the gutter it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. This review will be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Reveiws Timothy Sykes
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 all levels to be informed, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are starting out and as a hub 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, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” 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) giving everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Reveiws Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared at achieving the success of their business. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t 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 offerings that we’ll review in the coming days.
Making an account simple: Create an account with your experience and skills, join to your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to show your worth to a group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, via screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in 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 trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned substantial profits through their years of expertise. Reveiws Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, 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. With that taken into consideration we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential 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 be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
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 highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Reveiws Timothy Sykes
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready 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 going. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create an individual profile that allows you to share with other associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. 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 view other traders’ statistics that could be a disadvantage for some who may be anticipating this level. Reveiws Timothy Sykes
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited 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 option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One might be a laid-back person who is rarely active, while another might be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able to choose from the items on its store online that they can take with them wherever they may be. You can also get hands-on experiences by trading through the platform, however they’ll realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as well-equipped with managing trading but the experts already know the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Reveiws Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you should have the ability to think with an open heart. Reveiws Timothy Sykes
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your peers and experts on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Reveiws Timothy Sykes
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade category on the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market both right and left.
