Stock trading is a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were your peak. If you are always in the mud You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your growth within the field. This review will be taking the time to 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.
Overall Rating: 4.1/5 Timothy Sykes Gmgti
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are starting out as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter authors and students, and 2) allowing anyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Gmgti
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed at achieving success. You can create an account there at no cost, however you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at their performance as a trading group and its experts. It’s not just a way to show your worth to a community of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet 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 company’s stock which trades at just less than 5 cents per share. The penny stock market is an avenue for small businesses to transition to a large marketplace as they can access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped to establish 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 amazing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money through their years of experience. Timothy Sykes Gmgti
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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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 all-time trading profits. Timothy Sykes Gmgti
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your actions public. If you’re looking to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for those who are looking forward to this tier. Timothy Sykes Gmgti
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. At $74.95 each month with 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create an individual profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be laid back and less active, while another may be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products in its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, however they’ll realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix associated with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! 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 guide them through the ever-illustrious trading process. Timothy Sykes Gmgti
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Timothy Sykes Gmgti
What we do mean”yes” is it is a fantastic learning tool. People who are stuck might find Profit.ly’s variety of resources helpful as they do their best to reduce losses and perform better than before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Gmgti
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade’ category of the dashboard that lets you post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you post it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are on 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 to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.
