Stock trading is an extremely risky game. Some days, you might have the benefit of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your best. If you find yourself constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the market. This review will be taking the time to 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.
Overall Rating: 4.1/5 Timothy Sykes Down Under
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including chat rooms, trade verification and a rich 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 those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The concept, he added, served two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students as well as) allowing all users to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Down Under
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. It is possible to create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at how the community of traders performs as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders, as you can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or not, via photographs. In Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as email and text alerts 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 efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market is a stepping stone for small businesses to transition into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned significant amounts of profit from their collective years of experience. Timothy Sykes Down Under
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, 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. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to 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 most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Down Under
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, lastly, view 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. It isn’t possible to create a private account, making your personal information public. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats, which could be a problem for some who may be eager to try this new tier. Timothy Sykes Down Under
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, which allows users to pick from a range of videos created to help you understand the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You are probably familiar with the chat room as you will see it on social and messaging platforms in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. Some may be more laid back and less active, while another might be more interactive and online with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they travel. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that the process is a high stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” 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 on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Down Under
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you should have curiosity. Timothy Sykes Down Under
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses 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 desire to be a better trader and want to learn from your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes Down Under
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade section of the dashboard. It allows you to post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to 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 opportunities on the stock market left and right.