Stock trading is an exciting game with high stakes. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to where you were your peak. If you’re always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve identified a platform that can support you to improve your performance in the market. This review will take an in-depth look at Profit.ly, a well-recognized 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 + Infographic Marketing
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter writers and students and secondly) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes + Infographic Marketing
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs and its experts. It’s not just a way to prove value to a group of traders, but you are also able to use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, verified or not, by taking pictures. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is an opportunity for small companies to move into a larger market because it allows them to access funds from the general 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, made over $6 million of earnings through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial profits through their years of knowledge. Timothy Sykes + Infographic Marketing
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers 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. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes + Infographic Marketing
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself, via the 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 the growing collection of the previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. 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 next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. In this plan, that you can create an account that is private to share with other associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their trading skills. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ statistics that might be a drawback for those who are looking forward to this tier. Timothy Sykes + Infographic Marketing
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips 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 included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One might be laid back and not very often active, while another may be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable to the newcomers. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks associated with it. Ideally, they may utilize 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 and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes + Infographic Marketing
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s in-house gurus, including 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 who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep an open mind. Timothy Sykes + Infographic Marketing
What we mean”yes” is it could be a useful learning tool. People who are stuck could discover Profit.ly’s array of resources to be helpful when they try their best to reduce losses and perform better than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes + Infographic Marketing
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the “My Trade category on the dashboard. It lets you post your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.
