Stock trading can be an exciting game with high stakes. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were your peak. If you find yourself immersed in the water, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you in your growth in the industry. This review will be taking a look at Profit.ly, a well-recognized 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 And Steven Dux
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative responsible, transparent, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus and newsletter authors and students, and 2) allowing all users to learn from the losses and wins to the benefit of the trading industry. Tim Sykes And Steven Dux
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. You can create an account there at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders, but you can also use Profit.ly to shop from a guru with the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the idea of divulging the details of your broker account you can decide to share your trades, either verified or not, by taking photographs. Included in Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as they can access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings 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 trader. At 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms, 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 for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of experience. Tim Sykes And Steven Dux
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 prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, 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. With that taken into consideration, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes And Steven Dux
The Superman Alerts plan is his package of vital features and trading alerts geared 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 application, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
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, each of which is essential to keep your hands on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to gain access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets you to take advantage of a majority of features from the novice plan. It is in this plan that you can create a private profile for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics that could be a problem for those looking forward to this tier. Tim Sykes And Steven Dux
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and footage from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You are probably familiar with the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly it’s seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One might be laid back and rarely active, while another may be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products from its online store that they can take with them wherever they go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as a joke.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to the newcomers. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know 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 features to their full advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Tim Sykes And Steven Dux
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s numerous products and packages offered might not be enough for most of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Tim Sykes And Steven Dux
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources to be helpful in their efforts to reduce loss and perform better than they did before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Tim Sykes And Steven Dux
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the “My Trade section of the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.