Stock trading is a high-stakes game. Some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your peak. If you find yourself always in the mud it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your improvement within the field. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Tim Sykes Unlike Real Estate
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative, transparent, accountable, and encouraging one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website 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 sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that has never been previously done.” The idea, he added, served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter writers and students as well as) making it possible for anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Tim Sykes Unlike Real Estate
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving success. You may set up an account there for free, but you’re only given access to the leaderboard and follow 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’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create a profile with your experiences and expertise, 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 previously mentioned was designed to offer its users a look at their performance as a trading group and its gurus. It’s not only a chance to prove your worth to a large group of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can decide to share your trades, whether verified or not, by taking photographs. Included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is an opportunity for small companies to move to a large marketplace as it gives them access to capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit through their years of knowledge. Tim Sykes Unlike Real Estate
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Unlike Real Estate
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three 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 new to the trading world. When you sign up for this package you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you can create a private profile to share with other associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats, which could be a problem for those anticipating this level. Tim Sykes Unlike Real Estate
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, and an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of more services it has to provide. One of these is its online store, where customers can select from a variety of video products created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s array of features and services. You are probably familiar with the chat room as you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One of them may be laid back and rarely engaged, while another could be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the 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 novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items in its online store that they can take with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly equally suitable to those who are just starting. While novice traders may not be as proficient in handling trading matters, the pros already understand the way it functions and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Unlike Real Estate
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the many services the platform has to provide
The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you need to have an open mind. Tim Sykes Unlike Real Estate
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources useful as they do their best to avoid loss and perform better than before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Unlike Real Estate
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the My Trade category on the dashboard which lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable 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 unauthenticated trade is the risk of receiving downvotes from colleagues. Too many downvotes may result in you appearing on 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 and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.