Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to where you were your most productive. If you are immersed in the water it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you to improve your performance in the industry. This review will be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Symes Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter authors and students as well as) making it possible for everyone on the platform to learn from the losses and wins to benefit the industry of trading. Tim Symes Profitly
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account on the site for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time You’ll need to subscribe to any 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 your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to show value to a large group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you may choose to publish your trades, verified or not, by taking screenshots. Also included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, in addition to 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 trading guru who is well-known for his involvement in the penny-stock market. 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 companies to move to a market that is larger as it gives them access to money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, 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 amazing features is the variety of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial profits from their collective years of knowledge. Tim Symes Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: 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 the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service 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 basic stock catalysts and employ them to predict the next move that is possible when 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, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational 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 professional in swing trading with an eye for both 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 total trading earnings. Tim Symes Profitly
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of many of the features of The Novice package. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders this could be a problem for some who may be looking forward to this tier. Tim Symes Profitly
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which lets users select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be a laid-back person who is less active, while another may be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to those who are just starting. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Tim Symes Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s 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 other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary 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 wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services the platform has to provide
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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 yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have the ability to think with an open heart. Tim Symes Profitly
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s array of resources useful as they do their best to reduce loss and perform better than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Symes Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is 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 is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.