Stock trading is a high-stakes game. On certain days, you may have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you find yourself immersed in the water You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. This review will be taking 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.
Overall Rating: 4.1/5 160 Instruction Manual Tim Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative, transparent, accountable, and encouraging one another through its wide array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus and newsletter authors and students and secondly) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. 160 Instruction Manual Tim Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared toward the success of their business. You may set up an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned 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 demonstrate your worth to a community of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, either verified or not, by taking pictures. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus via chatrooms 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 trading guru who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks is an avenue for small companies to move to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish 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 place of openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned substantial profits through their years of knowledge. 160 Instruction Manual Tim Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated each 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 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 trading profits. 160 Instruction Manual Tim Sykes
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you do want to have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able to view other traders’ stats, which could be a problem for those who are looking forward to this tier. 160 Instruction Manual Tim Sykes
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, with 22% off for annual billing This plan offers it all. You get full, no-holds-barred access to all the options of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of videos that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and clips 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 array of services and features. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members there. One of them may be laid back and less active, while another may be more active and in touch in their interactions with students. Consider 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 a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products on its store online that they can take with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works along with the plethora of risks that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to improve their trading skills. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. 160 Instruction Manual Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. 160 Instruction Manual Tim Sykes
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources helpful as they do their best to incur lesser losses and be more successful than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ 160 Instruction Manual Tim 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 section of the dashboard that allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.