Stock trading is an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your most productive. If you’re immersed in the water, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve identified a platform that can support you in your growth in the industry. This review will take an in-depth look at Profit.ly A well-respected all-in-one 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 Yacht Trade
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created 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 with Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Yacht Trade
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed at achieving achievement. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to sign up to 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’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at how the community of traders performs and its experts. You’re not just allowed to show your worth to a large group of traders, as you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through photographs. In Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition to a large marketplace as they can access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, 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 wide range of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of expertise. Timothy Sykes Yacht Trade
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this 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 take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
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, as well as text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans including alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Yacht Trade
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll 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 world of trading. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm 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 onto leaderboards; study, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. In this plan, that you can set up an account that is private to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their skills in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ stats that could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Yacht Trade
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month and a 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users select from a variety of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be laid back and less engaged, while another could be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of the 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 beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able select from the products on its store online for them to take wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a risky game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Yacht Trade
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array 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 services offered could not be enough for most of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Yacht Trade
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Yacht Trade
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion in the My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this 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 most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.
