Stock trading is a high-stakes game. Some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to return to where you were your best. If you are immersed in the water it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Chat Support
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative, transparent, accountable, and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the students and newsletter writers and secondly) allowing all users to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Chat Support
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving success. You can create an account on the site at no cost, however you’re only given access to the leaderboard and follow 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 discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you can also utilize Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can decide to share your trades, whether verified or not, by taking photographs. In Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile and other methods to connect with your gurus in the chatroom, as well as 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 is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market is an avenue for small businesses to transition into a larger market because it allows them to access money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial profits through their years of expertise. Timothy Sykes Chat Support
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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 most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are involved in penny stock trading. 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 a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Chat Support
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially 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 essential trading tools, each of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can create an account that is private to share with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able view the statistics of other traders, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Chat Support
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, where customers can choose from a wide array of videos created to help you understand the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You’re probably familiar with chat rooms 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 the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be laid back and rarely active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Chat Support
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its users
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Chat Support
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Chat Support
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard which allows you to post your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot 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 post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.
