Stock trading is an extremely risky game. Some days, you could have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to where you were at your peak. If you find yourself immersed in the water You will need to recognize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your growth in the industry. In this review, we’ll take the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Books To Read
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 allows traders of various levels to be informative, transparent, accountable, and encouraging one another through its wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never previously done.” This idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students, and 2) allowing all users to be enlightened by both the wins and losses for the trading industry’s benefit. Tim Sykes Books To Read
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed towards achieving success. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to show that you’re worthy to the community of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging your brokerage account, you may decide to share your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom in addition to 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 is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as a trader. At 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial amounts of money through their years of experience. Tim Sykes Books To Read
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Books To Read
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, 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 via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, which makes your actions public. If you do want to have access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you can set up 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 does what the name suggests caters to those who desire to harness their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ statistics that might be a drawback for those eager to try this new tier. Tim Sykes Books To Read
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and an additional 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, which lets users pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be familiar with the chat room as you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a area where experts and members can interact 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 more laid back and less active, while another may be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, however they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to 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 and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Tim Sykes Books To Read
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you need to have curiosity. Tim Sykes Books To Read
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources helpful when they try their best to avoid losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great choice to start.
FAQ Tim Sykes Books To Read
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard that lets you record your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.
