Stock trading is a high-stakes game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be very difficult to get back to where you were your most productive. If you’re always in the mud You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement in the market. This review will 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. 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 Dpls
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are starting out and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Consider it the social media equivalent the likes of 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 platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The idea, he added, served two objectives: one) making public records for everyone, not just the experts and newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Dpls
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed towards achieving success. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may opt to post your trades, either verified or not, by taking screenshots. In Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The penny stock market could be viewed as an avenue for small businesses to transition into a larger market because it gives them access to money from the general public. But don’t be mistaken – 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 throughout his illustrious career as trading professional. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits through their years of experience. Timothy Sykes Dpls
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field 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 this platform: the 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 provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: 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 per month, this is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Dpls
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself through 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 an ever-growing library of previous lessons. On top of that you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what 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 up for this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to take advantage of many of the features of the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ stats this could be a problem for those who are anticipating this level. Timothy Sykes Dpls
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create an individual profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be more laid back and rarely active, while another may be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable to people who are just beginning. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to develop their trading abilities. 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-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes Dpls
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, you should have the ability to think with an open heart. Timothy Sykes Dpls
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s array of resources to be helpful in their efforts to incur lesser loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Dpls
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade’ category of the dashboard which allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- 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 an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.