Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you to improve your performance in the industry. This review will be taking the time to look at Profit.ly A well-respected 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 The Break Down Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features such as chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” This idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) giving all users to be enlightened by both the wins and losses for the trading industry’s benefit. The Break Down Timothy Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared towards achieving achievement. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to prove your worth to a group of traders. You are also able to use Profit.ly to shop from a guru with the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you can choose to publish your trades, verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of knowledge. The Break Down Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the 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 Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. The Break Down Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get access to premium research reports and the IPO or earnings monitor.
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 resources to help you going. The platform offers three membership levels that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign to this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you do want to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders, which might be a drawback for those looking forward to this tier. The Break Down Timothy Sykes
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, and 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few other services they provide. One of these is its online store, which lets users choose from a wide array of videos designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on area where experts and members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be more laid back and less active, while another might be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able pick from the merchandise available in its online store to carry with them 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 taken as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to 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 plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to improve their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. The Break Down Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. The Break Down Timothy Sykes
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful in their efforts to reduce loss and perform better than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ The Break Down Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the My Trade category on the dashboard. It lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
