Stock trading can be an exciting game with high stakes. On certain days, you may enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were your peak. If you’re constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth in the industry. This review will take an in-depth look at Profit.ly is a well-known 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 Tim Sykes Alongside Bianca
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed responsible, transparent, and uplifting with one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that was never prior to.” This idea was, he said, serving 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 anyone on the platform to learn from both losses and wins to benefit the industry of trading. Tim Sykes Alongside Bianca
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared towards achieving achievement. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate your worth to a large group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you can opt to post your trades, whether verified or not, by taking screenshots. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus via chatrooms along with 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 delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition into a larger market because they can access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about 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 against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of expertise. Tim Sykes Alongside Bianca
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: 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 take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being 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 move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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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 small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Alongside Bianca
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. In this plan, that you can create an account that is private to share with other associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for some who may be anticipating this level. Tim Sykes Alongside Bianca
Pro Plan
This is by far the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and 22% off for billing annually This plan offers it all. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, which allows users to pick from a range of video products created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You may be familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. Some may be more laid back and not very often engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks that it carries. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Alongside Bianca
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to open any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it would be an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you need to have the ability to think with an open heart. Tim Sykes Alongside Bianca
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources useful as they do their best to incur lesser losses and perform better than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes Alongside Bianca
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed on 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 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 on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
