The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were at your peak. If you are immersed in the water, you will have to realize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you to improve your performance in the industry. In this review, we’ll be taking an in-depth 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. 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 Library
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those new to trading as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Library
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to prove that you’re worthy to the large group of traders, but you can also use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can choose to publish your trades, verified or otherwise, through photographs. Included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile and other methods to connect with your gurus via chatrooms in addition to text and e-mail alerts and 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 which trades at less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial profits from their combined years of experience. Timothy Sykes Library
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the prominent experts were 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, such as alerts for swing trading and access to a library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Library
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and email and SMS 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. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re interested in have the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you for sharing with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Library
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month with a 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as 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 provide. One of these is its online store, which lets users pick from a range of videos created to guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is rarely active, while another might be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Library
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the inside experts, as well as collections of educational videos as well as 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 out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Library
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s array of resources helpful in their efforts to avoid loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Library
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.