Stock trading is an exciting game with high stakes. On some days, you could have the benefit of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to where you were your most productive. If you find yourself immersed in the water, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve found a platform that can support you to improve your performance in the industry. This review will take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Post On Linkedin
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” The concept was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts and newsletter writers and students and secondly) making it possible for anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Tim Sykes Post On Linkedin
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed toward success. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready 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 deals that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, either verified or otherwise, through photographs. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as it gives them access to capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their combined years of experience. Tim Sykes Post On Linkedin
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes alerts for swing trading and access to a library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Post On Linkedin
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your actions public. If you’re looking to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats this could be a disadvantage for those anticipating this level. Tim Sykes Post On Linkedin
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of those is its online store, which lets users pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. Some may be laid back and less active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they be. You can also get hands-on experience trading on the platform, but eventually they’ll realize that trading is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to those who are just starting. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Tim Sykes Post On Linkedin
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, it is best to keep an open mind. Tim Sykes Post On Linkedin
What we do mean”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 when they try their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Post On Linkedin
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the “My Trade category on the dashboard which lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.