Stock trading can be an exciting game with high stakes. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you find yourself immersed in the water it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you in your improvement within the field. This review will take the time to look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Tim Sykes 50
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informed responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders who are starting out and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad 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 worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” This idea, he added, served two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter authors and students as well as) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes 50
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to demonstrate value to a community of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or otherwise, through pictures. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts via chatrooms along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a market that is larger as they can access money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. At 25 years old, he had been given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of knowledge. Tim Sykes 50
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices, text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month it is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, which includes alerts for swing trading and access to an extensive library of over 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tim Sykes 50
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager 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. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what we call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
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 create a private profile to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to view other traders’ statistics this could be a problem for those anticipating this level. Tim Sykes 50
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be more laid back and rarely engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in the 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 traders, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus and their members. Additionally, they can select from the products in its online store that they can take with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Tim Sykes 50
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 an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize 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, you need to have the ability to think with an open heart. Tim Sykes 50
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes 50
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the ‘My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with 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 from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 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 opportunities on the stock market left and right.
