The stock market can be a high-stakes game. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your most productive. If you find yourself immersed in the water You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve found a platform that can support you to improve your performance in the market. In this review, we’ll 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. 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 Timothy Sykes
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 allows traders of various levels to be informative responsible, transparent, and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are starting out and as a hub for traders with experience to keep track of their performance using the aid of sophisticated 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 worthwhile investments within the confines that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The idea Sykes said served two objectives: one) making public records for not just the gurus and students and newsletter writers, and 2) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Timothy Sykes
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed towards achieving the success of their business. You can create an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions 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 offers that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its gurus. You’re not just allowed to demonstrate your worth to a large group of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms along with 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 is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an avenue for small companies to move into a larger market because it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made substantial amounts of money from their collective years of experience. Timothy Sykes Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, 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. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and 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, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational 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 small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Timothy Sykes
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus 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 package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re interested in gain 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 package allows you to use the majority of features available in the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Timothy Sykes Timothy Sykes
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features from the two prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few additional services that it can provide. One of them is the online store, where customers can select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is less engaged, while another could be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able choose from the items on its store online that they can take with them wherever they may go. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to people who are just beginning. While the newbies may not be as well-equipped with managing trading, the pros already understand the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous 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 receive excellent training and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other 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 authentic 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 trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. But it is important to realize that the platform should not be used 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 Timothy Sykes
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Timothy Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade’ category of the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
