Stock trading can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were your best. If you find yourself immersed in the water, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your growth within the field. We’ll take a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Timothy Sykes Brokeredge Statement
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are starting out and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was based “on showing all trades, something that has never been previously done.” The concept was, he said, serving two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students and secondly) making it possible for everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes Brokeredge Statement
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account there at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to show that you’re worthy to the group of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can decide to share your trades, verified or otherwise, through photographs. In Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, along with 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 trading guru who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an avenue for small companies to move to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits through their years of expertise. Timothy Sykes Brokeredge Statement
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 most prominent experts 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: 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 packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, such as alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with 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 Brokeredge Statement
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. It is in this plan that you can create an account that is private for sharing 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 people who want to improve their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for those who are anticipating this level. Timothy Sykes Brokeredge Statement
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, where customers can pick from a range of videos created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts and their members. They’ll also be able choose from the items from its online store for them to take wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that the process is a risky game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as adept at managing trading but the experts already know how it works and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Brokeredge Statement
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit 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 everyone
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for most of its users
- 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 may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Brokeredge Statement
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes Brokeredge Statement
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the My Trade section of the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
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 the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. If you receive too many negative votes, it 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 available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.
