Stock trading is an extremely risky game. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your best. If you find yourself immersed in the water it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your growth in the market. In this review, we’ll take a look at Profit.ly, a well-recognized 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 Via Email
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 various levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students and secondly) allowing anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Via Email
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed at achieving the success of their business. You may set up an account at no cost, however 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 in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not only a chance to show value to a community of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to interact with your experts via chatrooms in addition to 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 trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each 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 funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial amounts of money from their combined years of experience. Timothy Sykes Via Email
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most prominent experts 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 this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, such as alerts for swing trading and access to a rich 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 is known under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Via Email
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, 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 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 market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re looking to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics, which could be a problem for those who are eager to try this new tier. Timothy Sykes Via Email
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are created to help you understand the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One of them may be more laid back and not very often active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Via Email
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including 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 fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of services that the platform can offer
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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 a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Timothy Sykes Via Email
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Via Email
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard that lets you post your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on 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 develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
