The stock market can be an extremely risky game. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were at your most productive. If you are always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth within the field. In this review, we’ll be taking a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Dublin
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informative and accountable, as well as transparent and encouraging each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” This idea Sykes said served two purposes: 1) creating public track records for everyone, not just the experts as well as students and newsletter writers and secondly) making it possible for all users to gain insight into both losses and wins to benefit the industry of trading. Tim Sykes Dublin
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared toward success. You can create an account on the site at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to show that you’re worthy to the community of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may choose to publish your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms 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 trading guru who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents 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 general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish 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 amazing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. Tim Sykes Dublin
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts and unlimited access to an extensive library of over 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 under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Dublin
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that you’ll also have 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 world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. 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.
Novice Plan
The package called Novice 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 package you’ll be provided with a variety of powerful and indispensable trading tools, each 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 do using Profit.ly’s Novice package is the capability to check 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. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look 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 do want to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use a majority of features from The Novice package. In this plan, that you are able to create an account that is private to share with other associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics that could be a problem for some who may be looking forward to this tier. Tim Sykes Dublin
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create your own private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, which lets users select from a variety of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One might be laid back and not very often active, while another might be more interactive and online to their pupils. Consider chatrooms 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 caters to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. Additionally, they can select from the products on its store online to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix that it carries. Ideally, they may utilize Profit.ly’s range of features to their best advantage to enhance their trading skills. Like novices, 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. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Tim Sykes Dublin
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll 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 can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you should have the ability to think with an open heart. Tim Sykes Dublin
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful as they do their best to incur lesser losses and perform better than they did before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Dublin
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
