Stock trading is a high-stakes game. On certain days, you could have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you in your improvement within the field. In this review, we’ll be taking a look at Profit.ly A well-respected 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 Top Gainers
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informative and accountable, as well as transparent and encouraging each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was based “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 everyone, not just the experts, but also the newsletter authors and students as well as) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Timothy Sykes Top Gainers
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. You may set up an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned 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 prove your worth to a large group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you may choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to connect with your gurus through the chatroom as well as 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 trader who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market is an avenue for small businesses to transition into a larger market because it gives them access to capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At the age of 25, he had been given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are 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 variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have made substantial profits from their combined years of experience. Timothy Sykes Top Gainers
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the prominent gurus included 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: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll 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 of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is a great option for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, including alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Top Gainers
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition 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 eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what we call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use many of the features of the novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics that could be a disadvantage for those anticipating this level. Timothy Sykes Top Gainers
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, with 22% off for billing annually the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. These two features are plus the other advantages you’ll be able to 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 plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, which lets users choose from a wide array of video products created to help you understand the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a area where experts and members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be laid back and less active, while another may be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able to choose from the items from its online store that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Top Gainers
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You will be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its users
- Since traders can choose to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Top Gainers
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Top Gainers
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the My Trade’ category of the dashboard. It lets you record your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.
