Stock trading can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were at your peak. If you’re always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your improvement in the market. This review will take the time to look at Profit.ly is a well-known single-stop social platform to trade!
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 Weed
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informative responsible, transparent, and to build relationships with each other by offering a wide array 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 training platform for traders new to trading and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Consider it the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures 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 fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” The idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students as well as) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Weed
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its gurus. You’re not just allowed to show that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account then you could opt to post your trades, whether verified or not, by taking screenshots. 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 and other methods to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial amounts of money through their years of experience. Timothy Sykes Weed
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this 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 what packaged deals each guru offers.
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’ll observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is a great option for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Weed
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials 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 get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three are and how much they will 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. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from The Novice package. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their trading skills. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics this could be a problem for those who are eager to try this new tier. Timothy Sykes Weed
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating a private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You may be familiar with the chat room since you will see it on 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 place where gurus and their members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be more laid back and rarely active, while another might 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 ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able select from the products in its online store to carry with them wherever they go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to 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 guide them through the ever-illustrious trading process. Timothy Sykes Weed
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might be too much 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 selecting the best trades in order to boost their rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as 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’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Timothy Sykes Weed
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and be more successful than before. It’s not only the 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 learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Weed
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade section of the dashboard. It allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
