The stock market can be an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were your peak. If you find yourself constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance in the industry. 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Ross Cameron Timothy Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network 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 but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two purposes: 1) making public records for not just the gurus and newsletter writers and students as well as) making it possible for everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Ross Cameron Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed toward achievement. You may set up an account on the site for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to prove value to a large group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts in the chatroom, in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as they can access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing 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 variety of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit through their years of expertise. Ross Cameron Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to 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 standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional 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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Ross Cameron Timothy Sykes
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish 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 messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets users to benefit from many of the features of the Novice plan. 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.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their expertise in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ statistics that might be a drawback for some who may be anticipating this level. Ross Cameron Timothy Sykes
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month and 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users select from a variety of video products created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One might be more laid back and less active, while another may be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able select from the products in its online store for them to take wherever they go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works along with the risky mix that come with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Ross Cameron Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices 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 a possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, you need to have an open mind. Ross Cameron Timothy Sykes
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful as they do their best to avoid losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being a better trader and want to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Ross Cameron Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.