The stock market can be an extremely risky game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to return to the point you were at your most productive. If you are immersed in the water You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your improvement within the field. This review will take a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Zeina Yammine Timothy Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was based “on showing all trades, something that was never done before.” The concept, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) giving all users to be enlightened by the losses and wins to benefit the industry of trading. Zeina Yammine Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to show your worth to a group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you can opt to post your trades, verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, 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 trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access money from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of expertise. Zeina Yammine Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the prominent experts were 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 this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “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 when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Zeina Yammine Timothy Sykes
The Superman Alerts plan is an package of vital 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 and the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their skills in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders, which might be a drawback for those eager to try this new tier. Zeina Yammine Timothy Sykes
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, with 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all options of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few more services it has to offer. One of those 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. Each of the offerings listed in this section of the website 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 library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips taken from 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 range of services and features. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and members trade and learn in real time. Each guru has their style in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is not very often engaged, while another could be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning information available on 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 pick from the merchandise available on its store online that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. It is ideal to use Profit.ly’s range of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Zeina Yammine Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have an open mind. Zeina Yammine Timothy Sykes
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources helpful as they do their best to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Zeina Yammine Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the ‘My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can see who’s untruthful in submitting 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 version of the app works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.