The stock market can be an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could 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 been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your improvement in the market. This review will be taking the time to 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 Reviwq
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for communication and trade, it helps traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as it is 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 for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never done before.” The idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter writers and students, and 2) making it possible for all users to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Reviwq
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. It is possible to create an account there at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its gurus. It’s not just a way to demonstrate your worth to a community of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms 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 involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small companies to move to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. At 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Timothy Sykes Reviwq
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “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 total trading profits. Timothy Sykes Reviwq
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may 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 email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that, you’ll also get the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things 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 providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. It is 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 people who want to harness their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see other traders’ stats that could be a disadvantage for some who may be anticipating this level. Timothy Sykes Reviwq
Pro Plan
This is by far the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of other services they provide. One of them is the online store, which allows users to select from a variety of videos that are designed to educate and help you understand the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You’re probably 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 offer live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they may go. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works and the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Reviwq
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn 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 platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its users
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings this could be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Reviwq
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you truly want to become better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Reviwq
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade category on the dashboard that lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many 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 help each other grow and learn more about acquiring opportunities on the stock market left and right.
