Stock trading is an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were at your peak. If you find yourself immersed in the water You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. This review will take an in-depth look at Profit.ly is a well-known 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. 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 Profitly Clwt
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The concept, he added, served two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers and secondly) making it possible for everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Profitly Clwt
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared toward success. It is possible to create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to prove value to a community of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you may choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to 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 involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes and educational material aimed at 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their combined years of experience. Tim Sykes Profitly Clwt
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this 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 look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Profitly Clwt
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard 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 access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re looking to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. It is in this plan that you are able to create a private profile to share with other associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their trading skills. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics this could be a disadvantage for those anticipating this level. Tim Sykes Profitly Clwt
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. One of them may be laid back and rarely active, while another may be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to choose from the items from its online store for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Tim Sykes Profitly Clwt
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of 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 on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Profitly Clwt
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Tim Sykes Profitly Clwt
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 of the dashboard which lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing 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 purchase your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people 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 Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.
