Stock trading is a high-stakes game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to get back to the point you were at your best. If you are always in the mud, you will have to realize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll take a look at Profit.ly A well-respected 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 Str
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User 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 uplifting with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts and newsletter authors and students as well as) making it possible for everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Str
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed at achieving success. You can create an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into how the community of traders performs and its experts. It’s not just a way to demonstrate your worth to a large group of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you can decide to share your trades, verified or otherwise, through screenshots. In Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom in addition to notifications via email or text as well as 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 delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as a trader. At 25 years old, he had been given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial profits through their years of knowledge. Timothy Sykes Str
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the most prominent experts were 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: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own in 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 email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Str
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 an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge 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 gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they will 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 up for this plan you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics this could be a problem for those who are looking forward to this tier. Timothy Sykes Str
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, and 22% off for billing annually This plan offers it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able to select from the products on its store online for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suited to those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Str
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Str
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck might find Profit.ly’s range of resources useful when they try their best to reduce losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become a better trader and want 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 Str
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the “My Trade category on the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
