The stock market can be a high-stakes game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it can be very difficult to get back to the point you were at your peak. If you’re always in the mud You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested 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 to improve your performance within the field. This review will take a look at Profit.ly, a well-recognized one-stop 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 Udemy 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 informed and accountable, as well as transparent and encouraging each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that has never been done before.” The concept, he added, served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for all users to learn from both the wins and losses to benefit the industry of trading. Udemy Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at how the community of traders performs and its gurus. You’re not just allowed to show value to a community of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile and other methods to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received 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 as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of experience. Udemy Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most prominent gurus 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, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Udemy Timothy Sykes
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and vital 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 accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ statistics that might be a drawback for those looking forward to this tier. Udemy Timothy Sykes
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month and 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, which allows users to select from a variety of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and footage taken 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 also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. Some may be laid back and 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 a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips from the in-house experts and members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may be. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a high stakes game that should not be viewed as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix that it carries. Ideally, they may make use of Profit.ly’s range of features to their full advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Udemy Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you need to have the ability to think with an open heart. Udemy Timothy Sykes
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be better at trading and wish to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Udemy Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard which lets you record your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application 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 the majority of working smartphones and tablets.
How many people are currently on 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 help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.
