The stock market can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you to improve your performance in the industry. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized all-in-one 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 Español
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form 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 is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” The idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the students and newsletter writers and secondly) making it possible for everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Español
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward success. It is possible to create an account 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 looking to invest your money and see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group and its gurus. You’re not just allowed to show that you’re worthy to the community of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, via photographs. Included in Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile, and more ways to interact with your experts through 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 trading guru who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for 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 most appealing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial profits from their combined years of knowledge. Timothy Sykes Español
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: Founder as well as 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 that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single 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, text, e-mail, 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, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Español
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep 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 package is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of many of the features of the novice plan. It is in this plan that you can set up an account that is private to share with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for those eager to try this new tier. Timothy Sykes Español
This is by far the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating your own private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of other services they offer. One of them is the online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage from 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 features and services. You may be familiar with the chat room since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able to select from the products in its online store to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to the newcomers. While the newbies may not be as adept at handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Español
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them could profit from selecting the best trades in order to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Español
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Español
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade category on the dashboard. It lets you record your trades, verifiable or not. There are 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 transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.