Stock trading can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were at your peak. If you find yourself immersed in the water You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. In this review, we’ll be taking a look at Profit.ly is a well-known single-stop social platform to trade!
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 Money
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are just beginning their journey as well as a place for experienced traders to track their performance through the use 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 each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never previously done.” This idea, he added, served two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students as well as) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Money
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared towards achieving achievement. It is possible to create an account on the site at no cost, however you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into their performance as a trading group and its gurus. You’re not just allowed to demonstrate your worth to a group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or not, via pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts in the chatroom, in addition to 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 trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit from their combined years of experience. Timothy Sykes Money
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Money
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
The film “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. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that cater to traders of different levels. Let’s take a look at 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. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in the novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their skills in trading. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which could be a problem for some who may be anticipating this level. Timothy Sykes Money
Pro Plan
This is by far the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, with an additional 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which lets users pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. Some may be laid back and not very often engaged, while another could be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as adept at handling trading matters, the pros already understand how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Money
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you should have an open mind. Timothy Sykes Money
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources helpful as they do their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Money
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
