Stock trading can be an exciting game with high stakes. On certain days, you might enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to the point you were at your peak. If you’re immersed in the water, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your growth within the field. We’ll be taking 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.
Total Rating: 4.1/5 Timothy Sykes Born
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed responsible, transparent, and to build relationships with each other by offering a wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept, he added, served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter authors and students, and 2) allowing all users to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Born
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward achievement. It is possible to create an account on the site for free, but you’re only given access to the leaderboards and monitor the actions 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 subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to show your worth to a large group of traders, as you are also able to use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, along with 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 famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small companies to move to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as a trader. At the age of 25 Sykes was given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, 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 made substantial profits from their collective years of knowledge. Timothy Sykes Born
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. 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 the platform: Founder as well as 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 what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans including alerts for swing trading and access to a library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Born
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
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 resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets users to benefit from many of the features of the Novice plan. This plan allows that you can create a private profile to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to see the statistics of other traders, which could be a problem for some who may be looking forward to this tier. Timothy Sykes Born
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. At $74.95 per month, with a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users choose from a wide array of videos created to help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage from events like the Annual Pennystocking Conference, and products from other 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 can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be laid back and less engaged, while another could be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may go. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a risky 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 those who are just starting. Although the novices might not be as well-equipped with 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 utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Born
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call 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 capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the many services that the platform can offer
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The Final Concluding Question: 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 the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Timothy Sykes Born
What we mean”yes” is it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources to be helpful when they try their best to avoid losses and perform better than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Born
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are on 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 assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.