The stock market can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were at your best. If you’re always in the mud it is important to recognize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you in your growth in the market. This review will be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Sss
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are starting out and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Timothy Sykes Sss
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared toward success. You can create an account on the site for free, but you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not only a chance to prove your worth to a group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could choose to publish your trades, verified or not, via pictures. In Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete through 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. The gurus in question refer to the experts in trading who have earned substantial amounts of money through their years of expertise. Timothy Sykes Sss
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche 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. At the time of writing, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices; 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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 when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Sss
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also have access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this plan you’ll be given a slew of robust and vital trading tools, all 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 capability to check trades and track profits as well as leading, following and even texting other traders; and 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, 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 personal information public. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. This plan allows that you are able to create an account that is private to share with other associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats that could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Sss
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 each month with an additional 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is ideal 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 those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You are probably familiar with the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One of them may be laid back and not very often active, while another may be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items from its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Sss
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be taught by experts and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate 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 features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a concern that should not be ignored.
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Sss
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s array of resources helpful when they try their best to reduce losses and perform better than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Sss
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the “My Trade category on the dashboard which lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.