Stock trading can be a high-stakes game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your peak. If you are immersed in the water You will need to recognize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth within the field. In this review, we’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Turks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features including chat rooms, trade verification, 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 people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The idea Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus, but also the students and newsletter writers, and 2) giving everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Turks
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to prove value to a group of traders. You can also use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking your brokerage account, then you could choose to publish your trades, whether verified or not, via photographs. Included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, along with email and text alerts 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 famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of expertise. Timothy Sykes Turks
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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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. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Turks
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be 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 app, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also gain access to premium research reports as well as the 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 field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that are designed to accommodate traders with 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 just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you do want to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. This plan allows that you can set up an account that is private to share with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their expertise in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you will not be able to view other traders’ statistics this could be a problem for those looking forward to this tier. Timothy Sykes Turks
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can pick from a range of video products created to help you understand the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is less active, while another might be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able select from the products in its online store for them to take wherever they may travel. They can also gain hands-on experience trading on 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 road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Turks
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its 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 by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “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 to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Turks
What we are referring to”yes” is it can be a great learning tool. People who are stuck might be able to find Profit.ly’s variety of resources useful in their efforts to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Turks
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade section of the dashboard which lets you post your trades, either verified or otherwise. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can see who’s dishonest in posting 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 the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.
