Stock trading is an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it can be very difficult to return to where you were at your most productive. If you are always in the mud You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried 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 identified a platform that can support you in your improvement within the field. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Used Tim Sykes Dvds
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed, transparent, accountable, and uplifting with each other by offering a wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those new to trading and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” The concept was, he said, serving two objectives: one) making public records for not just the gurus and newsletter authors and students and secondly) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Used Tim Sykes Dvds
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed toward the success of their business. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs and its experts. You’re not just allowed to show value to a large group of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could decide to share your trades, verified or not, via screenshots. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete against 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 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 significant amounts of profit through their years of experience. Used Tim Sykes Dvds
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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 look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as 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, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Used Tim Sykes Dvds
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that, you’ll also get the ability to access premium reports on research 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 make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
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 will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus 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.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats that might be a drawback for those looking forward to this tier. Used Tim Sykes Dvds
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all features from the two prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to select from a variety of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can 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 and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is less active, while another might be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to select from the products on its store online to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Used Tim Sykes Dvds
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Used Tim Sykes Dvds
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Used Tim Sykes Dvds
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade section of the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app 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 as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.