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, however it could be the reverse and it could be very difficult to return to where you were at your most productive. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement within the field. This review will take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Torrent Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative, transparent, accountable, and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people new to trading and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus as well as newsletter authors and students, and 2) making it possible for everyone on the platform to learn from both losses and wins to benefit the industry of trading. Torrent Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared toward the success of their business. You may set up an account there for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show value to a group of traders. You are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can decide to share your trades, either verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, in addition to 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 his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, 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 place for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money through their years of knowledge. Torrent Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: Founder and penny stock trader 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, texts, emails, 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 package. Priced at $149.95 per month, it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with 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 trading profits. Torrent Timothy Sykes
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Some of the features 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 texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use many of the features of the novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics this could be a disadvantage for some who may be looking forward to this tier. Torrent Timothy Sykes
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, which includes a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of them is the online store, which lets users select from a variety of video products created to provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. Some may be laid back and less active, while another might be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Torrent Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will receive excellent training and tips from the 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 who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep curiosity. Torrent Timothy Sykes
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Torrent Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade section of the dashboard that lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
