Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to return to the point you were at your most productive. If you’re constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve identified an option that can help you in your growth in the market. This review will be taking an in-depth look at Profit.ly is a well-known one-stop 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.
Total Rating: 4.1/5 Stock Adviced By Timothy Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and encouraging one another through its wide array of tools and features including 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 which serves as a learning and training platform for people new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” This idea Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to learn from both losses and wins to benefit the industry of trading. Stock Adviced By Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving success. It is possible to create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into their performance as a trading group and its gurus. It’s not just a way to prove your worth to a community of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile as well as other 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small companies to move to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their combined years of knowledge. Stock Adviced By Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: the founder and penny stock trader 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 packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans such as alerts for swing trading and access to a collection of more than 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 by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Stock Adviced By Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to get an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of the Novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their trading skills. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ statistics, which could be a disadvantage for those anticipating this level. Stock Adviced By Timothy Sykes
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, with 22% off for billing annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, which allows users to select from a variety of videos created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. Some may be a laid-back person who is not very often engaged, while another could be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to develop their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at 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 as a way to help assist them in the ever-changing trading process. Stock Adviced By Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it would be a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, you need to have curiosity. Stock Adviced By Timothy Sykes
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful in their efforts to avoid loss and perform better than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Stock Adviced By Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard. It allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.