Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be very difficult to get back to where you were at your best. If you find yourself 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 experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your growth within the field. In this review, we’ll take a look at Profit.ly is a well-known 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 Lamborghini
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The idea, he added, served two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students as well as) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Lamborghini
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. You can create an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not only a chance to prove your worth to a group of traders, as you are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you may opt to post your trades, either verified or not, by taking pictures. Also included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts via chatrooms as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, 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 made substantial amounts of money from their combined years of knowledge. Timothy Sykes Lamborghini
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: 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 Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
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 to 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 highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Lamborghini
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this package you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your hands on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. This plan allows that you can create an individual profile that allows you to share with other associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Lamborghini
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, with 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which lets users pick from a range of instructional videos that are created to provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be bought immediately for your personal use. These include best-selling products such as the “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 aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is less active, while another might be more active and in touch to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items from its online store for them to take wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts , and use those simple tips and hints to help them along.
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 fun! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Lamborghini
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and insights from its 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 with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for a lot of its users
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Lamborghini
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus on the way, look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Lamborghini
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the ‘My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.
