Stock trading can be a high-stakes game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to return to the point you were at your peak. If you are always in the mud, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve found an online platform that will help you in your improvement within the field. This review will 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.
Overall Rating: 4.1/5 Timothy Sykes 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it 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 posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students as well as) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Timothy Sykes 2021
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared towards achieving achievement. It is possible to create an account for free, but you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you’ll be given 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 a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to demonstrate your worth to a community of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could opt to post your trades, whether verified or not, via photographs. In Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account as well as other ways to interact with your experts via chatrooms along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small companies to move into a larger market because it gives them access to capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and 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 platform for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make substantial profits through their years of expertise. Timothy Sykes 2021
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this 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. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is a great option for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts as well as unlimited access to a collection of more than 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 by 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. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes 2021
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, daily market commentary 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 and access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their expertise in trading. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats this could be a problem for some who may be eager to try this new tier. Timothy Sykes 2021
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users pick from a range of videos designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. 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 provide live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be more laid back and less active, while another might be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as adept at managing trading however, experienced traders know how it works along with the risky mix that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes 2021
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- If traders decide to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes 2021
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s variety of resources to be helpful as they do their best to avoid loss and perform better than before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely 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 option to begin.
FAQ Timothy Sykes 2021
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the “My Trade category on the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, 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 are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
