Stock trading can be a high-stakes game. Some days, you could have the benefit of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to the point you were at your most productive. If you are immersed in the water, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you to improve your performance in the market. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Tim Sykes Conference 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative and accountable, as well as transparent and encouraging each other through its broad array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that has never been prior to.” The idea Sykes said served two objectives: one) making public records for not just the gurus, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Tim Sykes Conference 2021
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed toward achievement. You can create an account there for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove that you’re worthy to the group of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you can choose to publish your trades, verified or not, by taking photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile, and more ways to interact with your experts in the chatroom, as well as 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 trader who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped to 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 most appealing features is the vast array of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial amounts of money through their years of expertise. Tim Sykes Conference 2021
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. With that taken into consideration, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as texts, emails 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 program. Priced at $149.95 for a month this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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In “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. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Conference 2021
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as 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 weekly video lessons, including the growing collection of previous lessons. In addition you’ll also gain 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 trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that cater to traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the novice plan. In this plan, that you can set up an individual profile that allows you to share with other associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics that might be a drawback for some who may be looking forward to this tier. Tim Sykes Conference 2021
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, and a 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is less engaged, while another could be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their trading skills. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Tim Sykes Conference 2021
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, it is best to keep curiosity. Tim Sykes Conference 2021
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources useful as they do their best to reduce losses and be more successful than they did before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Conference 2021
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the My Trade section of the dashboard. It lets you record your trades, verifiable or not. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are 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.
