Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to where you were your peak. If you’re always in the mud it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the industry. In this review, we’ll take the time to 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. 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 Worth
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter writers and students as well as) allowing all users to learn from the losses and wins to benefit the industry of trading. Tim Sykes Worth
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared at achieving achievement. You may set up an account at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at their performance as a trading group and its gurus. You’re not just allowed to prove your worth to a group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account then you could decide to share your trades, either verified or otherwise, through pictures. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a market that is larger as it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as a trader. At 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money through their years of knowledge. Tim Sykes Worth
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field 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, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is a great option for those who are more 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 library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Worth
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use many of the features of the novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ statistics, which could be a disadvantage for those anticipating this level. Tim Sykes Worth
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all the features from the two prior plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a 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 members there. One might be more laid back and rarely engaged, while another could be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they may go. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. Although the novices might not be as adept at handling trading matters but the experts already know how it works and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use 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 fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up 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 Worth
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, 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 everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep curiosity. Tim Sykes Worth
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Worth
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the “My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot 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 chance that it is verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market both right and left.
