Stock trading can be an extremely risky game. On some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement in the market. This review will be taking an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Millionairs
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative, transparent, accountable, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The idea Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) allowing everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Tim Sykes Millionairs
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. You may set up an account at no cost, however you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small businesses to transition to a large marketplace as they can access funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity 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 establish Profit.ly as a place for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial profits from their combined years of experience. Tim Sykes Millionairs
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru offers.
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 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, including 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.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Millionairs
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition, you’ll also get an access to high-quality research papers and the 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 industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able view the statistics of other traders, which could be a problem for those who are anticipating this level. Tim Sykes Millionairs
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create a private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of other services they offer. One of those is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be laid back and not very often active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items on its store online that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll realize that the process is a risky 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 see Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know how it works along with the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
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 enjoyment! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Tim Sykes Millionairs
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of services that the platform can offer
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 yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, it is best to keep curiosity. Tim Sykes Millionairs
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s array of resources to be helpful in their efforts to reduce loss and perform better than they did before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Millionairs
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as 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 is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.