Stock trading is an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were your most productive. If you’re immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you in your improvement within the field. This review will take the time to look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Timothy Sykes Beyond The Edge
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification, and an enriched 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 those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) allowing all users to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes Beyond The Edge
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed toward the success of their business. You may set up an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to show value to a group of traders. You are also able to use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small companies to move to a market that is larger as it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial profits from their collective years of experience. Timothy Sykes Beyond The Edge
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via 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 forecast the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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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 both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Beyond The Edge
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $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, which makes your personal information public. If you’re looking to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can create an account that is private to share with fellow associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ stats that could be a problem for those looking forward to this tier. Timothy Sykes Beyond The Edge
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You are probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. One might be more laid back and rarely active, while another may be more interactive and online to their pupils. Think of the chatrooms 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 traders, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products on its store online for them to take wherever they may be. You can also get hands-on experience trading on the platform, but eventually they’ll realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know how it works and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Beyond The Edge
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Beyond The Edge
What we are referring to”yes” is it could be a useful learning tool. People who are stuck could discover Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes Beyond The Edge
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
