Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of pleasing and positive 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 find yourself immersed in the water it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses 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 colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your growth within the field. In this review, we’ll be taking 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. 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 Longterm Newsletter
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” This idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) giving all users to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Longterm Newsletter
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. It’s not just a way to demonstrate that you’re worthy to the group of traders, but you are also able to use 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’re not comfortable with the idea of sharing your brokerage account, you may choose to publish your trades, either verified or not, by taking photographs. Included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’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 Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial profits through their years of experience. Timothy Sykes Longterm Newsletter
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, as well as email, text 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, this is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included 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 weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading 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 trading profits. Timothy Sykes Longterm Newsletter
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally you’ll also have an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. In this plan, that you can create an account that is private for sharing with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders, which might be a drawback for those eager to try this new tier. Timothy Sykes Longterm Newsletter
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and learn in real time. Every guru has their own way when it comes to running 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. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able choose from the items on its store online for them to take wherever they be. You can also get hands-on experience trading on the platform, however, they will soon learn that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the stack full of risks associated with it. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes Longterm Newsletter
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- As traders may opt to make any type of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you should have an open mind. Timothy Sykes Longterm Newsletter
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s array of resources useful when they try their best to reduce losses and be more successful than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Longterm Newsletter
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the ‘My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users 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 Apple App Store and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.
