The stock market can be an exciting game with high stakes. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to get back to where you were your most productive. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the market. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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 Outcast
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed responsible, transparent, and uplifting with each other through its broad array of tools and features such as chat rooms, trade verification 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 traders who are starting out and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not 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 appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” This idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers and secondly) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Tim Sykes Outcast
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. It is possible to create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts 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 that includes your personal information and expertise, connect your brokerage account, and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs and its gurus. It’s not just a way to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, then you could decide to share your trades, whether verified or not, by taking pictures. Also included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms 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 trader 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 stock which trades at under $5 for each share. The penny stock market can be seen as an opportunity for small companies to move into a larger market because they can access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits through their years of expertise. Tim Sykes Outcast
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the 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 can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts and unlimited access to a 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 goes under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Outcast
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can set up a private profile to share with other associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their trading skills. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats that might be a drawback for some who may be looking forward to this tier. Tim Sykes Outcast
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, and 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all the features of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of other services they provide. One of these is its online store, where customers can select from a variety of videos created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen 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 running their chat rooms and dealing with the listed members there. One might be laid back and less active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items in its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable to them as the newcomers. Although the novices might not be as well-equipped with managing trading, the pros already understand the way it functions and the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Tim Sykes Outcast
Profit.ly’s Pros and Cons
- Profit.ly’s many 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 in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have an open mind. Tim Sykes Outcast
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck may find Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and be more successful than before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be more successful in trading and would like to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Outcast
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the My Trade’ category of the dashboard that allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
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 currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.