Stock trading can be an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to realize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you to improve your performance in the market. This review will take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Marco Island
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” This idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus as well as newsletter authors and students, and 2) giving anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Marco Island
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared toward success. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not just a way to demonstrate that you’re worthy to the large group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts via chatrooms 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 trading personality who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. At the age of 25 Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place 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 learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of experience. Timothy Sykes Marco Island
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of 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. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is a great option for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Marco Island
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even texting your fellow 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 the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use many of the features of the novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats that might be a drawback for those who are eager to try this new tier. Timothy Sykes Marco Island
Pro Plan
This is by far the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, with a 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create your own private profile. These two features are 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 tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members. Some may be more laid back and rarely engaged, while another could be more active and in touch to their pupils. Think of the 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 are geared towards an array of stock traders, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will get daily videos and chat room advice from the in-house experts and members. Additionally, they can select from the products from its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Marco Island
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, 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 variety of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for most of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you should have the ability to think with an open heart. Timothy Sykes Marco Island
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly desire to be a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Marco Island
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
