The stock market can be an extremely risky game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your best. If you find yourself immersed in the water You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you to improve your performance within the field. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Cameron Siskowic And Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that was never done before.” The concept Sykes said served two objectives: one) making public records for everyone, not just the experts and students and newsletter writers and secondly) allowing anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Cameron Siskowic And Tim Sykes
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. You can create an account there for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its experts. It’s not only a chance to show value to a group of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because they can access capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, 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 learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Cameron Siskowic And Tim Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, as well as 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, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts and unlimited access to an extensive 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 is known under 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 profits. Cameron Siskowic And Tim Sykes
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile application, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. It is in this plan that you can create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their trading skills. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders, which could be a problem for those eager to try this new tier. Cameron Siskowic And Tim Sykes
Pro Plan
The Pro plan is the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create a private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of other services they offer. One of them is the online store, which lets users pick from a range of video products created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly it’s seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One might be more laid back and not very often active, while another may be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products from its online store to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s array of features to their best advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Cameron Siskowic And Tim 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 communications, trading, and communication tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, you need to have an open mind. Cameron Siskowic And Tim Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s array of resources helpful as they do their best to incur lesser loss and perform better than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Cameron Siskowic And Tim Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is 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 disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
