The stock market can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you to improve your performance in the industry. This review will take an in-depth look at Profit.ly is a well-known 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 Steven Dux Youtube
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept, he added, served two goals: 1.) creating public track records for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Steven Dux Youtube
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed towards achieving the success of their business. You can create an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll go over shortly.
Setting up 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 at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group and its experts. You’re not just allowed 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 with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, whether verified or not, via photographs. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile and other methods to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia, a 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 a stepping stone for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. 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 expertise. Timothy Sykes Steven Dux Youtube
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. Some of the most prominent experts 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Steven Dux Youtube
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this package you’ll be offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in gain access to this feature, keep an eye on us as we present to you Profit.ly’s new 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 fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ stats that might be a drawback for those anticipating this level. Timothy Sykes Steven Dux Youtube
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of video products designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One might be more laid back and less active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a risky game that should not be viewed 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 for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes Steven Dux Youtube
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, it is best to keep curiosity. Timothy Sykes Steven Dux Youtube
What we mean”yes” is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s range of resources helpful in their efforts to avoid loss and perform better than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Steven Dux Youtube
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the ‘My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people are able to identify who is untruthful in submitting 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 and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.