Stock trading can be a high-stakes game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your improvement in the market. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Hannakuh Gfts
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders new to trading and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries that the site. Consider it a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” This idea, he added, served two objectives: one) creating public track records for everyone, not just the experts as well as newsletter writers and students, and 2) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Hannakuh Gfts
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You may set up an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to show that you’re worthy to the community of traders. You can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could decide to share your trades, whether verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small companies to move to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial profits from their combined years of expertise. Timothy Sykes Hannakuh Gfts
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who 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 look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, as well as texts, emails 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. Priced at $149.95 monthly, it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Hannakuh Gfts
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers 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.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you can set up an individual profile that allows you 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 is exactly what it says catering to those who desire to improve their skills 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 view other traders’ stats that could be a problem for some who may be looking forward to this tier. Timothy Sykes Hannakuh Gfts
Pro Plan
This is by far the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month which includes 22% off for billing annually, this tier has everything. You get full, no-holds-barred access to all options of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. One might be laid back and rarely engaged, while another could be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. Additionally, they can choose from the items in its online store to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their trading skills. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Hannakuh Gfts
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse 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 get to receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic 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 unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you need to have an open mind. Timothy Sykes Hannakuh Gfts
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may 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 before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you really care about being better at trading and wish to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Hannakuh Gfts
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the “My Trade section of the dashboard which lets you post your trades, either verified or not. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with 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’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you post 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. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using 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 help each other learn and improve in acquiring stock market opportunities left and right.
