Stock trading can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your best. If you are immersed in the water You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned 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 found an online platform that will help you to improve your performance in the industry. This review will take a 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. 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 Best Stock Research Platforms
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 enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders new to trading and as a hub 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 all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Best Stock Research Platforms
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed 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 ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to prove your worth to a group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, verified or not, via screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, in addition to 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 efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial profits from their collective years of experience. Timothy Sykes Best Stock Research Platforms
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: the 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
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 per month, this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading 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 trading profits. Timothy Sykes Best Stock Research Platforms
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition you’ll also gain the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to 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 next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. In this plan, that you can set up an account that is private for sharing with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their trading skills. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics this might be a drawback for some who may be eager to try this new tier. Timothy Sykes Best Stock Research Platforms
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, with 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. Some may be laid back and less engaged, while another could be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that this is a high-stakes game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to the newcomers. While novice traders may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Best Stock Research Platforms
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its users
- If traders decide to make any type of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have curiosity. Timothy Sykes Best Stock Research Platforms
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources useful as they do their best to reduce losses and be more successful than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Best Stock Research Platforms
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard which lets you post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 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 opportunities on the stock market both right and left.
