Stock trading is an exciting game with high stakes. On certain days, you might be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to return to where you were at your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous 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 growth within the field. In this review, we’ll be taking 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 Holiday Sale
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are just beginning their journey as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was based “on showing every trade, something that has never been done before.” The idea was, he said, serving two purposes: 1) making public records for not just the gurus as well as newsletter authors and students and secondly) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Holiday Sale
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward achievement. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its gurus. 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 guru, and have the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you may opt to post your trades, either verified or not, via pictures. In Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small businesses to transition to a market that is larger as they can access capital from the 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.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial profits from their combined years of knowledge. Timothy Sykes Holiday Sale
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential 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 every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Holiday Sale
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally you’ll also have access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders with 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 basic plan that is designed specifically for people who are brand new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what 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 the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in gain access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to take advantage of many of the features of the Novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their expertise in trading. 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 the statistics of other traders that might be a drawback for some who may be looking forward to this tier. Timothy Sykes Holiday Sale
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes an additional 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can select from a variety of videos created to help you understand the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short 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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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their members trade and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. One of them may be laid back and not very often active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and members. They’ll also be able select from the products from its online store that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
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! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Holiday Sale
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous products and packages offered might not be enough for most of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from 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 will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you need to have an open mind. Timothy Sykes Holiday Sale
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck could find Profit.ly’s variety of resources 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 is able to accommodate novices and even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Holiday Sale
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, 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 working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.