Stock trading can be an extremely risky game. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to return to the point you were at your peak. If you are immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified an option that can help you to improve your performance in the industry. In this review, we’ll take 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.
Total Rating: 4.1/5 Timothy Sykes Ig
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables 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 trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are starting out as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus and newsletter writers and students, and 2) giving everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Ig
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. You can create an account for free, but 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 looking to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to show value to a group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile as well as other ways to communicate 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 guru who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small companies to move into a larger market because it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as a trader. When he was 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 took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit through their years of expertise. Timothy Sykes Ig
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Ig
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Timothy Sykes Ig
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, with an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all features from the two prior plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use 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 tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to pick from a range of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You may be familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on place where gurus and their members trade 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 not very often 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 for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items on its store online for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, however they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals 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 expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Ig
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- If traders decide to make any type of trade, there is an opportunity that some them will profit by selecting the best trades in order to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
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. It wasn’t intended to be created for this reason. Instead, you need to have an open mind. Timothy Sykes Ig
What we mean”yes” is that it can be a great learning tool. People who are stuck may discover Profit.ly’s range of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Ig
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 of the dashboard that allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.