Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be very difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve found a platform that can support you in your growth in the market. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 Supertrades
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative responsible, transparent, and uplifting with one another through its wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those who are starting out and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Consider it an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” This idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter writers and students, and 2) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. Tim Sykes Supertrades
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed toward success. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community and its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account you may opt to post your trades, either verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account as well as other ways to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial profits through their years of knowledge. Tim Sykes Supertrades
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the prominent experts were 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: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app 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 version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Supertrades
The Superman Alerts plan is his package of vital 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 app, 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, as well as access to a knowledgeable base provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager 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. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats, which could be a problem for some who may be eager to try this new tier. Tim Sykes Supertrades
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and a 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users pick from a range of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be laid back and rarely active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suited to the newcomers. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Supertrades
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings this could be a concern that should not 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 Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Supertrades
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Supertrades
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.