Stock trading can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve discovered an option that can help you to improve your performance in the industry. This review will be taking a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Unlike Other
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 permits traders of various levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast array of options for communication and trade and letting traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus and newsletter authors and students and secondly) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Unlike Other
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared toward the success of their business. It is possible to create an account there for free, but you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show that you’re worthy to the large group of traders, but you can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small companies to move into a larger market because it allows them to access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. At the age of 25 Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their combined years of knowledge. Timothy Sykes Unlike Other
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the most famous 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 packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released each 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 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 trading profits. Timothy Sykes Unlike Other
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign to this plan you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their trading skills. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ stats this might be a drawback for those anticipating this level. Timothy Sykes Unlike Other
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with 22% off for billing annually, this tier has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which lets users select from a variety of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be a laid-back person who is less active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that trading is a risky game that shouldn’t be treated as a joke.
For traders who have 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 handling trading matters, 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 variety of features to their best advantage to improve their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Unlike Other
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep curiosity. Timothy Sykes Unlike Other
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Unlike Other
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the My Trade category on the dashboard. It lets you record your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently 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 help each other learn and improve in acquiring opportunities on the stock market both right and left.
