Stock trading can be an extremely risky game. On certain days, you might have the benefit of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your best. If you’re immersed in the water, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you to improve your performance in the industry. We’ll take the time to 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.
Total Rating: 4.1/5 Stockfetcher Tim 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 permits traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast range of resources for communication and trade that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established 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 magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never done before.” This idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Stockfetcher Tim Sykes
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared at achieving achievement. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to demonstrate your worth to a large group of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, either verified or not, via photographs. Also included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile, and more ways to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity for small companies to move to a market that is larger as it gives them access to funds 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.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of experience. Stockfetcher Tim Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices; text, e-mail 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, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Stockfetcher Tim Sykes
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain the ability to access premium reports on research 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 leave a mark in the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use many of the features of the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a problem for some who may be anticipating this level. Stockfetcher Tim Sykes
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all options 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 a private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and footage 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 variety of features and services. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. Some may be laid back and rarely active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they go. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts 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 as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Stockfetcher Tim Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them could profit from picking the most profitable trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you should have curiosity. Stockfetcher Tim Sykes
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources to be helpful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Stockfetcher Tim Sykes
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the “My Trade’ category of the dashboard which allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.
