Stock trading is an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you in your improvement in the industry. This review will take an in-depth 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.
Overall Rating: 4.1/5 Timothy Sykes Gettingcocky
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity 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.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea, he added, served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Gettingcocky
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving achievement. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, either verified or not, via photographs. Included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account 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 Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because they can access funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He 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 to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Timothy Sykes Gettingcocky
At its height, Profit.ly had housed up to five gurus, each 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 this platform: the 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “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 Gettingcocky
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much 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 world of trading. As you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting other traders; and 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 lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up an individual profile that allows you to share with other associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics that could be a disadvantage for those who are anticipating this level. Timothy Sykes Gettingcocky
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the options of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One might be more laid back and 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 its 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 trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to select from the products from its online store that they can take with them wherever they may go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to the newcomers. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the plethora of risks that come with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Gettingcocky
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and 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 dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately 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’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you should have an open mind. Timothy Sykes Gettingcocky
What we do mean”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Gettingcocky
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the “My Trade category on the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.