Stock trading is a high-stakes game. Some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you are immersed in the water You will need to realize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the industry. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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 Blogger
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with 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 functions as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that was never done before.” The concept was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus and newsletter writers and students and secondly) giving all users to be enlightened by both the wins and losses to the benefit of the trading industry. Tim Sykes Blogger
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at the performance of the trading community as well as its experts. You’re not just allowed to prove your worth to a group of traders, as you are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of expertise. Tim Sykes Blogger
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the 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 look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as 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 most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Blogger
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all 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 a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. In this plan, that you are able to create an individual profile that allows you to share with other associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Tim Sykes Blogger
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month and 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating a private profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which lets users choose from a wide array of video products created to help you understand the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading specialist 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 The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be a laid-back person who is not very often active, while another may be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Tim Sykes Blogger
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core 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 photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, you should have curiosity. Tim Sykes Blogger
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources helpful in their efforts to avoid loss and perform better than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you truly desire to be better at trading and wish to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Blogger
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the “My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.