Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your peak. If you find yourself always in the mud, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you in your improvement in the industry. This review will 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.
Total Rating: 4.1/5 Timothy Sykes Wifi
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed, transparent, accountable, and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” This idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Wifi
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared towards achieving success. You can create an account there at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its gurus. You’re not just allowed to demonstrate your worth to a large group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may opt to post your trades, verified or not, by taking photographs. Also included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. 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 is a stepping stone for small businesses to transition into a larger market because it gives them access to capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you 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 profits during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their collective years of experience. Timothy Sykes Wifi
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Wifi
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. It is in this plan that you can create an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their trading skills. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Wifi
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create a private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, which allows users to select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be laid back and less engaged, while another could be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able to choose from the items on its store online to carry with them wherever they may travel. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Wifi
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call 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 main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers will immediately benefit from the number of services the platform has to provide
The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. Timothy Sykes Wifi
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s array of resources helpful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you really care about being better at trading and wish to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Wifi
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the ‘My Trade category on the dashboard that lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.