Stock trading can be an exciting game with high stakes. On some days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were at your peak. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you in your improvement within the field. This review will take an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Investor Summit 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The idea, he added, served two goals: 1.) making public records for all traders, not just the gurus and newsletter writers and students and secondly) making it possible for everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Tim Sykes Investor Summit 2021
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed at achieving success. You may set up an account there for free, but you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to show value to a large group of traders, as you are also able to use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, whether verified or otherwise, through photographs. In Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile and other methods to connect with your gurus via chatrooms 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 personality who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an avenue for small companies to move into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their collective years of expertise. Tim Sykes Investor Summit 2021
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the 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 we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Investor Summit 2021
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this plan you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. It is in this plan that you can create a private profile to share with other associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their expertise in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ stats this might be a drawback for some who may be eager to try this new tier. Tim Sykes Investor Summit 2021
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, which includes a 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of other services they offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members there. One might be a laid-back person who is not very often active, while another may be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide 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 every person.
Beginners, for instance, will appreciate 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 their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this 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 suitable to them as those who are just starting. Although the novices might not be as adept at dealing with trading issues but the experts already know how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Tim Sykes Investor Summit 2021
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have curiosity. Tim Sykes Investor Summit 2021
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could discover Profit.ly’s range of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your peers and experts on the way, look no further – Profit.ly may be a great choice to start.
FAQ Tim Sykes Investor Summit 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade’ category of the dashboard. It allows you to post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
