Stock trading can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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 Watchlist 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those who are starting out as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for trade and communication 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 the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” This idea was, he said, serving two purposes: 1) making public records for not just the gurus, but also the newsletter writers and students and secondly) allowing everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Tim Sykes Watchlist 2021
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its experts. It’s not just a way to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may decide to share your trades, verified or not, via screenshots. In Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways 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 trader who is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have made significant amounts of profit from their collective years of knowledge. Tim Sykes Watchlist 2021
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has 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 all-time trading profits. Tim Sykes Watchlist 2021
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re interested in get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their trading skills. As nice as it seems however, there’s a crucial 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 disadvantage for some who may be anticipating this level. Tim Sykes Watchlist 2021
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and clips taken from events like 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 range of features and services. You are probably familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a space where experts and their members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be laid back and rarely engaged, while another could be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer it is certain to have 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 advice by its internal gurus as well as their members. They’ll also be able to select from the products from its online store for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as well-equipped with managing trading but the experts already know how it works and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Tim Sykes Watchlist 2021
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, it is best to keep an open mind. Tim Sykes Watchlist 2021
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Tim Sykes Watchlist 2021
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade section of the dashboard that lets you record your trades, verifiable or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can see who’s untruthful in submitting 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 in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
