The stock market can be an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve found an option that can help you in your improvement in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Tim Sykes Upside Down Question Mark
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative responsible, transparent, and encouraging each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on showing every trade, something that was never prior to.” This idea, he added, served two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students as well as) allowing all users to learn from the losses and wins for the trading industry’s benefit. Tim Sykes Upside Down Question Mark
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are 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 follow the activities of people who aren’t gurus. If you’re looking to invest 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 that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into the performance of the trading community and its gurus. It’s not just a way to prove your worth to a large group of traders. You can also use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, either verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, 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 for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Tim Sykes Upside Down Question Mark
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: the founder as well as 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, including alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for 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 trading earnings. Tim Sykes Upside Down Question Mark
The Superman Alerts plan is his 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 stock watchlist that is premarket and the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. In this plan, that you can set up an account that is private 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 develop their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to see the statistics of other traders that might be a drawback for some who may be looking forward to this tier. Tim Sykes Upside Down Question Mark
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, with a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can pick from a range of video products designed to inform 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 like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One of them may be laid back and not very often active, while another might be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able to select from the products on its store online to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to develop their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Tim Sykes Upside Down Question Mark
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you need to have curiosity. Tim Sykes Upside Down Question Mark
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful in their efforts to incur lesser loss 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 in the field!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Tim Sykes Upside Down Question Mark
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this 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 working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.