Stock trading is an extremely risky game. On some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve discovered a platform that can support you to improve your performance within the field. This review will be taking the time to 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. 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 Students
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 enables traders of all levels to be knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The idea, he added, served two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter authors and students, and 2) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Students
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared toward achievement. It is possible to create an account for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to show value to a group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging your brokerage account, then you could opt to post your trades, either verified or otherwise, through photographs. Included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, as well as 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 is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition to a market that is larger as they can access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to 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 variety of education resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their collective years of knowledge. Timothy Sykes Students
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. 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 there are only two gurus who remain on this platform: Founder of the penny stock market 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 the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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 highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for investors who are involved in 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 collection of more than 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Students
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their trading skills. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics this could be a disadvantage for those eager to try this new tier. Timothy Sykes Students
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with an additional 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create your own private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users select from a variety of videos designed to inform and help you understand 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”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and rarely active, while another may be more active and in touch to their pupils. 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 the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Timothy Sykes Students
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Students
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and perform better than before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Students
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 section of the dashboard that allows you to post your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.
