The stock market can be an exciting game with high stakes. On some days, you could have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve found an option that can help you to improve your performance in the industry. 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 2021 Traders Conference Tim 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 allows traders of all levels to be informative, transparent, accountable, and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are just beginning their journey as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” This idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) allowing all users to be enlightened by the losses and wins to the benefit of the trading industry. 2021 Traders Conference Tim Sykes
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. It is possible to create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at how the community of traders performs and its experts. You’re not just allowed to demonstrate your worth to a group of traders, but you are also able to use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, verified or not, via pictures. Also included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus via chatrooms as well as notifications via email or text as well as 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 delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, 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 proven to make substantial amounts of money from their collective years of experience. 2021 Traders Conference Tim Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most prominent gurus 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
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. It costs $149.95 for a month it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each 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 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 total trading earnings. 2021 Traders Conference Tim Sykes
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that you’ll also gain the ability to access premium reports on research 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 your mark on the industry, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign to this plan you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, finally, see 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. It isn’t possible to create a private profile, thus making your actions 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 next strategy.
Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders that could be a disadvantage for those looking forward to this tier. 2021 Traders Conference Tim Sykes
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with a 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You are probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members there. Some may be more laid back and less active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able select from the products in its online store that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to those who are just starting. While novice traders 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. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like novices, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. 2021 Traders Conference Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be taught by experts and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. 2021 Traders Conference Tim Sykes
What we do mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s range of resources to be helpful in their efforts to avoid loss and perform better than before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ 2021 Traders Conference Tim Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- 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 through a reliable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you upload it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
