The stock market can be an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance in the market. This review will take an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Timothy Sykes Wolf 4000
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea Sykes said served two goals: 1.) creating public track records for not just the gurus as well as newsletter authors and students and secondly) giving everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Timothy Sykes Wolf 4000
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving the success of their business. You may set up an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll 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 to your brokerage account and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give 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, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may choose to publish your trades, verified or not, via screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Timothy Sykes Wolf 4000
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Wolf 4000
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, the daily market commentary 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 the extensive knowledge base provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices 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’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using 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 texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you do want to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you can create an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their trading skills. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for those looking forward to this tier. Timothy Sykes Wolf 4000
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, and an additional 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which allows users to pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be a laid-back person who is less active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts and members. They’ll also be able select from the products from its online store to carry with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at managing trading but the experts already know how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s array of features to their full advantage to improve their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Timothy Sykes Wolf 4000
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Wolf 4000
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s range of resources helpful as they do their best to incur lesser losses and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Wolf 4000
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade category on the dashboard which lets you record your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities both right and left.
