Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to the point you were at your most productive. If you find yourself always in the mud You will need to recognize that relying on instinct and survival is not always 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 a significant boost from your fellow traders from around the globe, which is why we’ve discovered an online platform that will help you in your improvement in the market. We’ll take the time to look at Profit.ly A well-respected 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 Robert Blackman Timothy Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style 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 founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus and newsletter authors and students as well as) making it possible for anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Robert Blackman Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You may set up an account at no cost, however you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders. You can also use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms in addition to notifications via email or text 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 his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The penny stock market is an avenue for small companies to move into a larger market because 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 is sure to reveal through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of experience. Robert Blackman Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most famous gurus 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: 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 take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Robert Blackman Timothy Sykes
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also gain the ability to access premium reports on research and 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 tools to get you up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three 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 world. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you do want to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. In this plan, that you are able to create a private profile to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders that could be a problem for some who may be eager to try this new tier. Robert Blackman Timothy Sykes
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, and 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all features of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating your own private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of these is its online store, where customers can select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works along with the risky mix that it carries. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks 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 fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Robert Blackman Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous features the platform is able 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 appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you should have an open mind. Robert Blackman Timothy Sykes
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become more successful in trading and would like to be taught by your peers and experts along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Robert Blackman Timothy Sykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.