Stock trading can be an extremely risky game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to get back to where you were your best. If you are always in the mud, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced 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 trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your growth in the market. In this review, 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.
Overall Rating: 4.1/5 Timothy Sykes Profit League
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative, transparent, accountable, and encouraging each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form 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 possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The concept Sykes said served two purposes: 1) creating public track records for not just the gurus, but also the newsletter writers and students and secondly) giving everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Timothy Sykes Profit League
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. It is possible to create an account there for free, but you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. You’re not just allowed to prove that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may opt to post your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms as well as email and text alerts 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 his efforts 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 can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trader. At 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their combined years of knowledge. Timothy Sykes Profit League
At its peak, 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 prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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 we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, texts, emails, 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. At $149.95 monthly, it is a great option for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has 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 Profit League
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan you’ll be provided with a variety of powerful and essential 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 program is the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you’re interested in gain access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to take advantage of a majority of features from the novice plan. It is in this plan that you can set up an account that is private to share with other associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ statistics that could be a disadvantage for those anticipating this level. Timothy Sykes Profit League
This is by far the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, and 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all the 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 your own private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to pick from a range of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. Some may be laid back and not very often active, while another may be more online and communicative with their students. Consider chat rooms as 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 cater to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. Additionally, they can select from the products from its online store to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as adept at dealing with trading issues but the experts already know how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as 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 guide them through the ever-illustrious trading process. Timothy Sykes Profit League
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers 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 individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might be too much for most of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep an open mind. Timothy Sykes Profit League
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck might find Profit.ly’s range of resources helpful when they try their best to incur lesser loss and perform better than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to learn from your fellows and gurus on the way, look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Profit League
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and 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 using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.