Stock trading is a high-stakes game. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve identified a platform that can support you in your improvement within the field. This review will be taking the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Sliding Scale
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification and a rich 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 starting out as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The idea, he added, 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 the wins and losses to the benefit of the trading industry. Timothy Sykes Sliding Scale
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared towards achieving success. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to show your worth to a large group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through screenshots. In Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile and other methods to connect with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a large marketplace as they can access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Timothy Sykes Sliding Scale
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the 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 what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Sliding Scale
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
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 account that is private to share with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ stats, which could be a disadvantage for those anticipating this level. Timothy Sykes Sliding Scale
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, and a 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they provide. One of these is its online store, where customers can select from a variety of video products that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage of 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 range of features and services. You may be 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. But on Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One might be a laid-back person who is not very often active, while another may be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus as well as their 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’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Sliding Scale
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- Since traders can choose to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, it is best to keep an open mind. Timothy Sykes Sliding Scale
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s variety 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 profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being a better trader and want to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Sliding Scale
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the ‘My Trade’ category of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
