The stock market can be an exciting game with high stakes. On some days, you may have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to where you were your peak. If you find yourself immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Try Timothy Sykes Alerts
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 different levels to be informed and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those new to trading and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created 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 interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The idea was, he said, serving two goals: 1.) creating public track records for not just the gurus and newsletter authors and students as well as) making it possible for all users to learn from both the wins and losses for the trading industry’s benefit. Try Timothy Sykes Alerts
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at how the community of traders performs and its experts. It’s not only a chance to show that you’re worthy to the large group of traders, as you can also use Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms along with 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 has been famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small businesses to transition into a larger market because they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as a trader. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their collective years of experience. Try Timothy Sykes Alerts
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most famous experts included 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as 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 monthly, this is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Try Timothy Sykes Alerts
The Superman Alerts plan is an offering of 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 along with the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. As you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats this might be a drawback for those eager to try this new tier. Try Timothy Sykes Alerts
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month and an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating a private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can choose from a wide array of videos created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader professional 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 events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be a laid-back person who is rarely engaged, while another could be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able choose from the items from its online store that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
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 enjoyment! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Try Timothy Sykes Alerts
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have curiosity. Try Timothy Sykes Alerts
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful in their efforts to reduce loss and perform better than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Try Timothy Sykes Alerts
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the “My Trade’ category of the dashboard that lets you record your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users 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 Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.
