The stock market can be a high-stakes game. On certain days, you may have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were your most productive. If you’re immersed in the water it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your improvement within the field. This review will take the time to look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Trading Forums 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 various levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people new to trading and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly 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 driven by its focus “on the transparency of every trade, something that has never been prior to.” The concept was, he said, serving two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students as well as) giving everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Trading Forums Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared at achieving achievement. You can create an account on the site at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to show value to a group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts via chatrooms 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 trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a market that is larger as it allows them to access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you 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. When he was 25 years old, he had been given more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, 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 wide range of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their collective years of expertise. Trading Forums Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices; email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is a great option for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for 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 total trading earnings. Trading Forums Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain 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.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign up for this package you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. 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’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. It is in this plan that you are able to create an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those looking forward to this tier. Trading Forums Timothy Sykes
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for annual billing This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the chat room as you will see it on social and messaging platforms, as well as some 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. Each guru has their style in operating their chat room and dealing with the members there. Some may be a laid-back person who is rarely engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Trading Forums Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have the ability to think with an open heart. Trading Forums Timothy Sykes
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful in their efforts to incur lesser loss and perform better than 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 be taught by your mentors and peers on the way, look no further – Profit.ly may be a great choice to start.
FAQ Trading Forums Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the My Trade category on the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities all over the world.
