Stock trading can be a high-stakes game. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were at your most productive. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered an online platform that will help you in your growth in the market. We’ll take the time to look at Profit.ly, a well-recognized all-in-one 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.
Overall Rating: 4.1/5 Timothy Sykes Supernova
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” The idea, he added, served two purposes: 1) making public records for all traders, not just the gurus, but also the students and newsletter writers, and 2) making it possible for everyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Supernova
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared at achieving the success of their business. You can create an account for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, but you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, whether verified or not, via pictures. Also included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile, and more ways to connect with your gurus via chatrooms as well as 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 trader who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money through their years of knowledge. Timothy Sykes Supernova
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: the 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 we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, as well as 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 premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Supernova
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in 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 allows users to benefit from the majority of features available in The Novice package. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats that could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Supernova
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month with 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which lets users select from a variety of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and clips of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be more laid back and rarely active, while another may be more interactive and online with their students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Supernova
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some 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 accept refunds, as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you need to have an open mind. Timothy Sykes Supernova
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Supernova
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the “My Trade section of the dashboard which lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users are able to identify who is 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 and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are 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 develop and grow in their ability to take advantage of stock market opportunities both right and left.