The stock market can be an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were your most productive. If you are immersed in the water You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried 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 option that can help you to improve your performance in the market. In this review, we’ll 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.
Total Rating: 4.1/5 12 Practices To Becoming A Self Made Millionaire By Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance 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 trades are authentic and won’t tolerate inauthenticity as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” The idea, he added, served two objectives: one) making public records for everyone, not just the experts, but also the newsletter authors and students and secondly) giving anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. 12 Practices To Becoming A Self Made Millionaire By Timothy Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared toward the success of their business. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into how the community of traders performs and its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, whether verified or not, via photographs. Also included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned significant amounts of profit from their collective years of experience. 12 Practices To Becoming A Self Made Millionaire By Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
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, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “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 he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. 12 Practices To Becoming A Self Made Millionaire By Timothy Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself through his 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 previous lessons. On top of that you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers 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 trading community. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to gain access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their trading skills. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders this might be a drawback for some who may be anticipating this level. 12 Practices To Becoming A Self Made Millionaire By Timothy Sykes
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of other services they offer. One of them is the online store, which allows users to pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be a laid-back person who is not very often active, while another may be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able select from the products on its store online that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as adept at managing trading however, experienced traders know how it works and the stack full of risks that it carries. Ideally, they may use Profit.ly’s range of features to their best advantage to improve their trading skills. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. 12 Practices To Becoming A Self Made Millionaire By 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 an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for most of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. 12 Practices To Becoming A Self Made Millionaire By Timothy Sykes
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to learn from your mentors and peers on the way, look no further – Profit.ly could be a good choice to start.
FAQ 12 Practices To Becoming A Self Made Millionaire By Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard which lets you post your trades that are verified or not. There are three choices:
- 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 buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.
