Stock trading can be an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to where you were your best. If you’re always in the mud You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your improvement in the industry. We’ll take the time to look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes House
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are starting out and as a hub for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Think of 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 posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was established many years ago 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 declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” The concept, he added, served two objectives: one) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Timothy Sykes House
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward success. You can create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community and its experts. It’s not just a way to show value to a group of traders. You can also use Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom in addition to 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 involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their collective years of expertise. Timothy Sykes House
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes House
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these 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 just beginning their journey to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use many of the features of the Novice plan. It is in this plan that you are able to create a private profile to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders this might be a drawback for those who are anticipating this level. Timothy Sykes House
Pro Plan
This is by far the most expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off for annual billing, this tier has everything. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create your own private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of other services they offer. One of them is the online store, which lets users select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in its 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, ranging from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items from its online store to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, however they’ll realize that this is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their trading skills. Like novices, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Timothy Sykes House
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be taught by experts 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 by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them will profit by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s 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 designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes House
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes House
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard which allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.
