The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth within the field. This review will be taking a look at Profit.ly A well-respected single-stop social platform to trade!
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 Student Portal Timothy Sykes
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea was, he said, serving two objectives: one) making public records for not just the gurus, but also the students and newsletter writers as well as) giving all users to gain insight into both losses and wins for the trading industry’s benefit. Student Portal Timothy 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 toward the success of their business. You may set up an account 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 interested in investing your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not only a chance to demonstrate value to a group of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging your brokerage account, you can opt to post your trades, verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus via chatrooms 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 trader who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. Student Portal Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Student Portal Timothy Sykes
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. In addition, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s break down what these 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. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, each of them integral 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 package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re looking to gain 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 plan allows you to use a majority of features from the Novice plan. It is in this plan that you can create a private profile to share with other associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ statistics that could be a disadvantage for those who are anticipating this level. Student Portal Timothy Sykes
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, with 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create a private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, where customers can select from a variety of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips 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 included in Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. Some may be a laid-back person who is rarely engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to select from the products from its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues, the pros already understand the way it functions and the plethora of risks that it carries. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Student Portal Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Student Portal Timothy Sykes
What we do mean”yes” is it could be a useful learning tool. People who are stuck could discover Profit.ly’s range of resources to be helpful as they do their best to incur lesser loss and perform better than they did 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!
If you truly desire to be more successful in trading and would like to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Student Portal Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.