Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance in the market. We’ll take an in-depth look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Dave Ramsey And Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” The concept, he added, served two objectives: one) creating public track records for everyone, not just the experts and students and newsletter writers and secondly) giving all users to gain insight into both losses and wins for the trading industry’s benefit. Dave Ramsey And Tim Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed towards achieving the success of their business. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not just a way to prove your worth to a group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms in addition to 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 trading personality 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 which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At the age of 25, he had been given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their combined years of experience. Dave Ramsey And Tim Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. With that taken into consideration, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Dave Ramsey And Tim Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also have the ability to access premium reports on research and the 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 make a mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use many of the features of the novice plan. It is in this plan that you can create a private profile to share with fellow associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics this could be a problem for those looking forward to this tier. Dave Ramsey And Tim Sykes
Pro Plan
This is by far the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all the features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You may be familiar with the chat room since you can find it throughout 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 place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. One might be a laid-back person who is rarely active, while another may be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus and members. They’ll also be able choose from the items from its online store for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at handling trading matters but the experts already know how it works along with the risky mix that come with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Dave Ramsey 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, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep an open mind. Dave Ramsey And Tim Sykes
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources to be helpful in their efforts to avoid loss and perform better than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Dave Ramsey And Tim Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you upload it manually or through images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.
