The stock market can be a high-stakes game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found an online platform that will help you in your improvement within the field. 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.
Total Rating: 4.1/5 Timothy Sykes Scanner
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 all levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders new to trading and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) allowing all users to learn from both losses and wins for the trading industry’s benefit. Timothy Sykes Scanner
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate value to a large group of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you can choose to publish your trades, either verified or otherwise, through screenshots. In Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom 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 is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of 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 Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit through their years of knowledge. Timothy Sykes Scanner
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this 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 packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
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 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 highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely 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 Scanner
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign to this plan, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. This plan allows that you are able to create a private profile to share with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their expertise in trading. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats that might be a drawback for those who are looking forward to this tier. Timothy Sykes Scanner
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be a laid-back person who is not very often engaged, while another could be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products on its store online that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience 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 adept at handling trading matters but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Scanner
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to 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 were able to come up with the answer, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Timothy Sykes Scanner
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s range of resources to be helpful when they try their best to reduce losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Scanner
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard which lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
