Stock trading can be a high-stakes game. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were at your best. If you’re always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your improvement within the field. In this review, we’ll be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Minus One
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative responsible, transparent, and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was based “on showing all trades, something that was never prior to.” The idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students and secondly) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. Tim Sykes Minus One
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed at achieving the success of their business. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll be given a chance to shoot your way 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. You’re not just allowed to prove value to a large group of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, via photographs. In Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Tim Sykes Minus One
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans including 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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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Minus One
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed 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, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you do want to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their skills in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats, which could be a problem for some who may be looking forward to this tier. Tim Sykes Minus One
Pro Plan
This is by far the most premium package that Profit.ly offers 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 of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating an individual profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few other services they offer. One of those is its online store, which lets users pick from a range of video products designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in operating 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 active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best 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. With the variety of deals it has to offer, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works along with the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Tim Sykes Minus One
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you need to have curiosity. Tim Sykes Minus One
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Tim Sykes Minus One
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the “My Trade category on the dashboard which lets you record your trades, either verified or not. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- 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 a high likelihood that it can be verified. This is shown by the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
