The stock market can be a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve discovered an option that can help you to improve your performance in the industry. This review will take an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Best Brokers
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people new to trading as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Best Brokers
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared at achieving the success of their business. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals 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 an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to demonstrate your worth to a group of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, whether verified or not, via photographs. In Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account, and more ways to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks is a stepping stone for small companies to move to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial amounts of money through their years of experience. Timothy Sykes Best Brokers
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Best Brokers
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. As you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their trading skills. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics that might be a drawback for some who may be anticipating this level. Timothy Sykes Best Brokers
This is by far the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, with 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few other services they provide. One of these is its online store, where customers can pick from a range of videos designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be more laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works and the risky mix that come with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Best Brokers
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and 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 if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, it is best to keep curiosity. Timothy Sykes Best Brokers
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s range of resources helpful when they try their best to reduce loss and perform better than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Best Brokers
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the My Trade category on the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.