Stock trading can be an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to where you were your best. If you’re constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve identified an option that can help you to improve your performance in the market. This review will take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Sykes Time Clock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit, but for 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 honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” The concept was, he said, serving two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students and secondly) giving anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Sykes Time Clock
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared toward success. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate value to a large group of traders. You are also able to use Profit.ly to shop 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 divulging your brokerage account, then you could choose to publish your trades, verified or otherwise, through pictures. Included 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 other methods to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small companies to move to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have made substantial amounts of money from their collective years of experience. Sykes Time Clock
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Sykes Time Clock
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re interested in get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you can set up a private profile to share with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics that could be a disadvantage for those anticipating this level. Sykes Time Clock
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of them is the online store, where customers can choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and scenes 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 range of services and features. You are probably familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be laid back and not very often engaged, while another could be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able to choose from the items from its online store for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know how it works along with the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits to help them along.
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 fun! Those in the trading industry who are at the same level as 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 assist them in the ever-changing trading process. Sykes Time Clock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep curiosity. Sykes Time Clock
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck may discover Profit.ly’s range of resources helpful as they do their best to avoid losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Sykes Time Clock
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard. It lets you record your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest 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 as well as on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market left and right.
