Stock trading can be a high-stakes game. On some days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be very difficult to get back to where you were your best. If you’re always in the mud, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your growth in the industry. This review will be taking a look at Profit.ly A well-respected 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 Ctyk
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 permits traders of all levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as 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 publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been done before.” The idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter authors and students, and 2) allowing everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes Ctyk
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared towards achieving success. It is possible to create an account there for free, but you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you can choose to publish your trades, whether verified or not, by taking photographs. Also included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus through the chatroom as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an avenue for small businesses to transition to a large marketplace as they can access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money from their collective years of experience. Timothy Sykes Ctyk
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “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 earnings. Timothy Sykes Ctyk
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their trading skills. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders, which might be a drawback for some who may be eager to try this new tier. Timothy Sykes Ctyk
Pro Plan
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 each month and 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few more services it has to offer. One of those is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is rarely active, while another may be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum in the 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 experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as proficient in handling trading matters but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Ctyk
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and tips from the 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 by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Timothy Sykes Ctyk
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s range of resources to be helpful when they try their best to reduce loss and perform better than before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Ctyk
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
