The stock market can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your improvement in the industry. This review will be taking a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Off Road
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed responsible, transparent, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never prior to.” The idea was, he said, serving two purposes: 1) creating public track records for not just the gurus, but also the newsletter writers and students, and 2) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Off Road
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared at achieving success. You can create an account there for free, but you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its experts. You’re not just allowed to prove that you’re worthy to the large group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile as well as other ways to interact with your experts through the chatroom as well as 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 trading guru who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as they can access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as a 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.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their combined years of knowledge. Tim Sykes Off Road
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: the 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Off Road
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re interested in gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can set up an account that is private to share with other associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats that might be a drawback for some who may be eager to try this new tier. Tim Sykes Off Road
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with 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, it is seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One might be a laid-back person who is less active, while another might be more interactive and online with their students. 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 the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with handling trading matters, the pros already understand how it works along with the risky mix that it carries. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Tim Sykes Off Road
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its users
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you need to have curiosity. Tim Sykes Off Road
What we are referring to”yes” is that it can be a great learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Off Road
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the My Trade section of the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- 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 is a high likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are 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 both right and left.