Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you to improve your performance within the field. This review will take an in-depth 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. 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 Asset
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative, transparent, accountable, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two goals: 1.) making public records for everyone, not just the experts as well as students and newsletter writers and secondly) allowing all users to be enlightened by the losses and wins for the trading industry’s benefit. Timothy Sykes Asset
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared at achieving success. You may set up an account at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the veracity of their assertions.
If you are unsure about the idea of divulging your brokerage account, then you could decide to share your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile, and more ways to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, 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 significant amounts of profit from their collective years of knowledge. Timothy Sykes Asset
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released 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 trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Asset
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 to the daily premarket stock watchlist and the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that cater to traders of different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what call a competitive procedure in its own.
The list of 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 providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ stats that could be a problem for those looking forward to this tier. Timothy Sykes Asset
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, with 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, where customers can pick from a range of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage of the Annual Pennystocking Conference, and other products by 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 messaging and social platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One of them may be laid back and not very often active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products in its online store that they can take with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Asset
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- If traders decide to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you need to have curiosity. Timothy Sykes Asset
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful in their efforts to avoid losses and perform better than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Asset
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the My Trade’ category of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities left and right.
