Stock trading is an extremely risky game. On certain days, you may have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to the point you were at your peak. If you are immersed in the water, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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 Alongside Bianca
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative responsible, transparent, and encouraging each other through its broad variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style 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 is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students, and 2) giving all users to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Alongside Bianca
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared toward success. You can create 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 interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group as well as its gurus. It’s not only a chance to prove your worth to a large group of traders, but you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, either verified or otherwise, through photographs. Included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money through their years of expertise. Timothy Sykes Alongside Bianca
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as 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 highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Alongside Bianca
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform offers 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.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this package you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you do want to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. It is in this plan that you can set up an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their skills in trading. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders this could be a problem for those looking forward to this tier. Timothy Sykes Alongside Bianca
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can pick from a range of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is rarely engaged, while another could be more online and communicative 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 variety of offerings and features caters to an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
For instance, newbies 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 tips from its in-house gurus and members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as proficient in managing trading but the experts already know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Alongside Bianca
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Alongside Bianca
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s array of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really care about being a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Alongside Bianca
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the “My Trade’ category of the dashboard that lets you post your trades, either verified or not. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.
