The stock market can be a high-stakes game. Some days, you may enjoy 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 best. If you are always in the mud You will need to realize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance within the field. This review will be taking an in-depth look at Profit.ly is a well-known 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 And Best Brokers
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informative responsible, transparent, 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.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are starting out and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all 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 tolerate inauthenticity as much as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus and newsletter writers and students, and 2) giving all users to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes And Best Brokers
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders, but you are also able to use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you can decide to share your trades, verified or not, via photographs. In Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet 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 the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trader. At 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their combined years of experience. Timothy Sykes And Best Brokers
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 prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is a great option for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, such as alerts for swing trading and access to a rich 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 by the name “Superman,” is a swing trading professional with an eye for 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 trading profits. Timothy Sykes And Best Brokers
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their trading skills. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ stats, which could be a disadvantage for some who may be anticipating this level. Timothy Sykes And Best Brokers
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of 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 leaderboards, Profit.ly offers a number of other services they offer. One of them is the online store, which lets users choose from a wide array of video products created to help you understand the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also 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 variety of features and services. You are probably familiar with the chat room as you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One of them may be more laid back and less active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to them as the newcomers. While the newbies may not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes And Best Brokers
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build 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 variety of subscription plans and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep an open mind. Timothy Sykes And Best Brokers
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes And Best Brokers
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade’ category of the dashboard. It lets you record your trades, either verified or not. There are three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.