The stock market can be an extremely risky game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be extremely difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation 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 colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement in the market. This review will be taking the time to 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.
Overall Rating: 4.1/5 Timothy Sykes Bianca
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are starting out as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea was, he said, serving two goals: 1.) making public records for not just the gurus as well as students and newsletter writers as well as) making it possible for anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Bianca
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared towards achieving achievement. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to prove your worth to a community of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, whether verified or not, via photographs. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because it gives them access to funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years 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, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. Timothy Sykes Bianca
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: Founder and penny stock trader 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for 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 Bianca
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows users to benefit from many of the features of The Novice package. In this plan, that you are able to create a private profile to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders, which could be a problem for those anticipating this level. Timothy Sykes Bianca
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, and an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One might be laid back and less active, while another might be more interactive and online 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 are geared towards the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works along with the stack full of risks associated with it. It is ideal to use Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Bianca
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Bianca
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources to be helpful as they do their best to avoid losses and be more successful than they did before. It’s not only the poor traders that can profit from the 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 along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Bianca
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard that lets you post your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.