The stock market can be a high-stakes game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your best. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve found an option that can help you in your growth within the field. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized all-in-one 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.
Total Rating: 4.1/5 Timothy Sykes 401K
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative, transparent, accountable, and encouraging one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders 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 cutting-edge analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” The concept was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students and secondly) making it possible for everyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes 401K
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed towards achieving success. You may set up an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community and its gurus. You’re not just allowed to show that you’re worthy to the large group of traders, but you can also use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trading professional. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits from their combined years of expertise. Timothy Sykes 401K
At its height, Profit.ly had housed up to five gurus. Each 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. As of this 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. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes 401K
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign up for this package you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows users to benefit from a majority of features from the novice plan. In this plan, that you can create an account that is private to share with other associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ stats this could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes 401K
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month with 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating a private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of other services they provide. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You’re probably familiar with chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for 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. Considering the number of offers it has to offer it is certain to have something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on 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 choose from the items from its online store for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array 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 to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes 401K
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be taught by experts 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 who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core features, 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 variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its customers
- If traders decide to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the number of services that the platform can provide
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes 401K
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck might discover 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 who will benefit from the platform. It is able to accommodate novices and even experts!
If you really want to become a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes 401K
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade’ category of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.