Stock trading is an extremely risky game. On certain days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your most productive. If you’re constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you to improve your performance in the market. We’ll take an in-depth look at Profit.ly, a well-recognized 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 On The Valor
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 allows traders of all levels to be informative, transparent, accountable, and uplifting with one another through its wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders new to trading and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded in the past by 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 said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept was, he said, serving two purposes: 1) making public records for not just the gurus as well as newsletter authors and students, and 2) making it possible for everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes On The Valor
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You may set up an account for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts 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.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to prove value to a community of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may decide to share your trades, verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile, and more ways to interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a market that is larger as it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial profits from their collective years of experience. Timothy Sykes On The Valor
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who 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 take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to 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 most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes On The Valor
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself via Superman Pro. 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 the previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you do want to have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able to view other traders’ statistics, which could be a disadvantage for those anticipating this level. Timothy Sykes On The Valor
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month which includes 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few other services they offer. One of them is the online store, which lets users choose from a wide array of videos that are designed to educate and guide you through 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. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You are probably familiar with the chat room as you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their members trade and share knowledge 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 more laid back and rarely active, while another might be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to select from the products from its online store to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to develop their trading skills. Like beginners, they can learn from the top experts 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 as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at similar levels to Superman as well as 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 On The Valor
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you need to have an open mind. Timothy Sykes On The Valor
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources useful as they do their best to reduce loss and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes On The Valor
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
