The stock market can be an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it can be very difficult to get back to where you were your peak. If you are constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve found an option that can help you in your growth in the market. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Tim Sykes Despite The Market
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 allows traders of different levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are starting out as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for communication and trade and letting traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Tim Sykes Despite The Market
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared toward success. It is possible to create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to prove value to a large group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could opt to post your trades, either verified or not, via photographs. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in 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 famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. Tim Sykes Despite The Market
At its peak, 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 were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible 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 for iOS as well as Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is a great option for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Despite The Market
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you do want to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ stats that might be a drawback for some who may be looking forward to this tier. Tim Sykes Despite The Market
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all the features from the two prior plans.
In addition, you’ll be able to view other people’s 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 maximum extent. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, where customers can select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and scenes taken 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 range of features and services. You’re probably familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be laid back and not very often active, while another may be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able choose from the items from its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to people who are just beginning. While novice traders may not be as proficient in managing trading however, experienced traders know how it works and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Tim Sykes Despite The Market
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Despite The Market
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could discover Profit.ly’s variety of resources useful in their efforts to reduce loss and perform better than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Despite The Market
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the “My Trade category on the dashboard which lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
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 assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
