The stock market can be an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to get back to where you were at your most productive. If you find yourself immersed in the water 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. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve discovered an option that can help you in your improvement within the field. This review will take 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.
Overall Rating: 4.1/5 Tim Sykes, Everyone Gets Accepted
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as transparent and encouraging each other through its broad variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as 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 interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers, and 2) giving all users to gain insight into the losses and wins to benefit the industry of trading. Tim Sykes, Everyone Gets Accepted
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared toward success. You can create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a group of traders, as you are also able to use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account you may opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account and other methods to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-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 under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward 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 against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit through their years of knowledge. Tim Sykes, Everyone Gets Accepted
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices; text, e-mail 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 for a month this is a great option for investors who are involved in the penny-stock market. 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 a rich library of more than 7,000 instructional videos and new videos released every week.
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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 small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes, Everyone Gets Accepted
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition, 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 online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies 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, you won’t be able to see the statistics of other traders, which could be a disadvantage for some who may be eager to try this new tier. Tim Sykes, Everyone Gets Accepted
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You may be 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. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One might be laid back and less engaged, while another could be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to them as the newcomers. While the newbies may not be as proficient in handling trading matters however, experienced traders know the way it functions and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up 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, Everyone Gets Accepted
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, 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 diverse range of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you should have curiosity. Tim Sykes, Everyone Gets Accepted
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck might find Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes, Everyone Gets Accepted
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the “My Trade’ category of the dashboard. It allows you to post your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.