Stock trading can be an extremely risky game. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were your best. If you are always in the mud You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement 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.
Overall Rating: 4.1/5 Timothy Sykes Karmagawa
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 enables traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those new to trading as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was based “on the transparency of all trades, something that has never been done before.” The idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students as well as) allowing anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Karmagawa
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed at achieving success. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and skills, join to your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into how the community of traders performs and its experts. You’re not just allowed to demonstrate value to a group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, via screenshots. In Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a large marketplace as they can access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational content geared toward 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their collective years of expertise. Timothy Sykes Karmagawa
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field 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 however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both 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 all-time trading earnings. Timothy Sykes Karmagawa
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll 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 world of trading. Once you have signed up for this package, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private account, making your actions public. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their skills in trading. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for those anticipating this level. Timothy Sykes Karmagawa
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to choose from a wide array of videos created to help you understand the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You are probably familiar with the chat room as you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be laid back and not very often active, while another may be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can choose from the items from its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to the newcomers. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works and the risky mix that come with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to develop their trading abilities. 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-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Karmagawa
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 a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Timothy Sykes Karmagawa
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s range of resources useful in their efforts to reduce losses and perform better than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Karmagawa
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the ‘My Trade category on the dashboard. It allows you to post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities both right and left.
