Stock trading is a high-stakes game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it could be very difficult to return to where you were your most productive. If you find yourself immersed in the water, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your growth within the field. In this review, we’ll take the time to look at Profit.ly is a well-known 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 Xcom Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as possible. It was established 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 stated that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Xcom Timothy Sykes
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed towards achieving success. It is possible to create an account there for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to prove that you’re worthy to the community of traders. You are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you may opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trader. When he was 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money from their combined years of experience. Xcom Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Xcom Timothy Sykes
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, 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, as well as access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also have an access to high-quality research papers as well as 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 field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their trading skills. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you will not be able view other traders’ statistics, which could be a problem for those eager to try this new tier. Xcom Timothy Sykes
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, with an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, where customers can select from a variety of videos created to help you understand the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You’re probably familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be more laid back and rarely engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that this is a high-stakes game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the risky mix that come with it. It is ideal to use Profit.ly’s array of features to their full advantage to develop their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Xcom Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- If traders decide 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 could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Xcom Timothy Sykes
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s array of resources useful in their efforts to reduce loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Xcom Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the My Trade section of the dashboard that lets you record your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities left and right.
