Stock trading is an extremely risky game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your most productive. If you find yourself immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your improvement in the market. This review will be taking the time to 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.
Overall Rating: 4.1/5 Tim Sykes Above The Grid
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar 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 honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” This idea Sykes said served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) giving anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Tim Sykes Above The Grid
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed at achieving the success of their business. You may set up an account there for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the large group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, whether verified or not, via screenshots. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus 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 has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small businesses to transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Tim Sykes Above The Grid
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this 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 we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to 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 version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Above The Grid
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition, you’ll also get an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign up for this package you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create a private profile to share with other associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their skills in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to view the statistics of other traders, which could be a disadvantage for those who are looking forward to this tier. Tim Sykes Above The Grid
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few other services they offer. One of these is its online store, where customers can choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly it’s seen as a real-time place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be laid back and less active, while another might be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they be. They can also gain hands-on experiences from trading within the platform, however they’ll realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable to those who are just starting. Although the novices might not be as proficient in handling trading matters however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes Above The Grid
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you need to have curiosity. Tim Sykes Above The Grid
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could be able to find 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. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Above The Grid
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the “My Trade category on the dashboard. It allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.