Stock trading is an extremely risky game. On some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were at your best. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance in the industry. In this review, we’ll take an in-depth 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 Plus Minus
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed responsible, transparent, and uplifting with each other through its broad array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea, he added, served two purposes: 1) making public records for everyone, not just the experts and students and newsletter writers, and 2) making it possible for all users to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Plus Minus
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give 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 group of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging the details of your broker account then you could opt to post your trades, whether verified or not, by taking pictures. In Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile and other methods to interact with your experts through the chatroom in addition to 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 trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money from their collective years of expertise. Timothy Sykes Plus Minus
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Plus Minus
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get 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 month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to take advantage of many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their trading skills. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a disadvantage for those who are anticipating this level. Timothy Sykes Plus Minus
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. With $74.95 each month with an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all the features of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create your own 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 an account that will give you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which lets users choose from a wide array of video products created to guide you through the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be laid back and rarely engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works along with the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Plus Minus
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core 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 screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services the platform has to 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 the answer, 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. It wasn’t designed to be used in this way. Instead, you need to have an open mind. Timothy Sykes Plus Minus
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s range of resources to be helpful in their efforts to incur lesser losses and be more successful than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly want to become better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Plus Minus
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the My Trade section of the dashboard which lets you record your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are 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 in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.