The stock market can be an extremely risky game. On certain days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve found a platform that can support you in your improvement in the industry. In this review, we’ll take an in-depth 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. 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 What Trading Platform
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” The concept was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers, and 2) allowing everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes What Trading Platform
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared towards achieving the success of their business. You may set up an account at no cost, however 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 and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate value to a community of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you may decide to share your trades, whether verified or not, by taking screenshots. In Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus through the chatroom along with notifications via email or text as well as updates.
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 Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money through their years of expertise. Timothy Sykes What Trading Platform
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: 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, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month it is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes What Trading Platform
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of the Novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ statistics that could be a problem for those who are looking forward to this tier. Timothy Sykes What Trading Platform
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, and a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, where customers can select from a variety of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. One might 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 essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater 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, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the plethora of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes What Trading Platform
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose 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 could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of services the platform has to offer
The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Timothy Sykes What Trading Platform
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be better at trading and wish to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes What Trading Platform
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the My Trade category on the dashboard. It allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people 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 for download on the Apple App Store as well as the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.