Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to return to where you were at your best. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you to improve your performance in the market. This review will take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Wall Street Warriors
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent to Facebook and Reddit, but for experts and traders.
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 guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus, but also the students and newsletter writers as well as) allowing everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Tim Sykes Wall Street Warriors
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared toward success. It is possible to create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t 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 deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not just a way to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, then you could opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to create 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 to establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their collective years of experience. Tim Sykes Wall Street Warriors
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Wall Street Warriors
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets you to use the majority of features available in the Novice plan. This plan allows that you can create an account that is private for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which might be a drawback for those anticipating this level. Tim Sykes Wall Street Warriors
This is by far the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, which includes a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features of the previous plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which lets users select from a variety of videos designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade 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 a laid-back person who is not very often engaged, while another could be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room advice by its internal gurus and members. Additionally, they can choose from the items on its store online to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works along with the stack full of risks that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! 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 skill to others as a way to guide them through the ever-illustrious trading process. Tim Sykes Wall Street Warriors
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable 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 internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Tim Sykes Wall Street Warriors
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s array of resources helpful in their efforts to avoid loss and perform better than before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes Wall Street Warriors
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.