Stock trading is an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to where you were at your peak. If you find yourself constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your improvement in the market. This review will be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes You Tube
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed, transparent, accountable, and uplifting with one another through its wide array of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts and students and newsletter writers as well as) giving all users to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes You Tube
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed toward the success of their business. You may set up an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group as well as its experts. 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 with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile, and more ways to interact with your experts through the chatroom along with 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 efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational 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 proven to make substantial amounts of money from their combined years of experience. Timothy Sykes You Tube
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes You Tube
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. In addition to the basic features that are 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 have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this package, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from many of the features of the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you will not be able view the statistics of other traders that could be a problem for those anticipating this level. Timothy Sykes You Tube
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all options of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are included in Profit.ly’s range of features and services. You may be familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be more laid back and rarely active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to the most experienced. Considering the number of offers it offers it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are on the same level as 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 You Tube
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable 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 wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you should have an open mind. Timothy Sykes You Tube
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s array of resources to be helpful when they try their best to reduce losses and perform better than they did before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be more successful in trading and would like to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes You Tube
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the My Trade’ category of the dashboard that lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.