Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were your best. If you are immersed in the water, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found a platform that can support you in your improvement within the field. This review will be taking the time to look at Profit.ly is a well-known one-stop 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 Past Tense
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing all trades, something that was never prior to.” This idea, he added, served two goals: 1.) keeping track of public data for not just the gurus and newsletter writers and students, and 2) making it possible for all users to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes Past Tense
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward success. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into the performance of the trading community and its gurus. It’s not only a chance to prove value to a large group of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, verified or otherwise, through screenshots. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is a stepping stone for small businesses to transition into a larger market because it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trader. At the age of 25 Sykes was given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial profits through their years of experience. Tim Sykes Past Tense
At its height, 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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices, email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, 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 comes with all the standard features of earlier plans such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Past Tense
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with 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, plus access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three 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 new to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $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 profile, thus making your activities publicly available. If you do want to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of many of the features of the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics that might be a drawback for those who are anticipating this level. Tim Sykes Past Tense
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all the options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from 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 scenes of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be more laid back and less active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to 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 all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products on its store online for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that trading is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as proficient in handling trading matters, the pros already understand the way it functions and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Past Tense
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Tim Sykes Past Tense
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s array of resources useful in their efforts to reduce losses and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly want to become a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes Past Tense
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high chance that it is verifiable. This is indicated with the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market all over the world.