The stock market can be a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to the point you were at your best. If you’re always in the mud it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your growth in the industry. We’ll take the time to look at Profit.ly A well-respected 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 Harry Yeh Timothy Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative responsible, transparent, and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people new to trading and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students as well as) giving all users to gain insight into the losses and wins to benefit the industry of trading. Harry Yeh Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared towards achieving success. You can create an account there for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not only a chance to demonstrate your worth to a community of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy 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, verified or not, by taking screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, in addition to 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 personality who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have made significant amounts of profit from their collective years of expertise. Harry Yeh Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Harry Yeh Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets you to use a majority of features from The Novice package. In this plan, that you can create an account that is private to share with other associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for some who may be looking forward to this tier. Harry Yeh Timothy Sykes
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few other services they offer. One of those is its online store, which allows users to select from a variety of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. Some may be a laid-back person who is less engaged, while another could be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for everyone.
Beginners, for instance, will appreciate 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 to pick from the merchandise available in its online store to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to the newcomers. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works along with the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Harry Yeh Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have an open mind. Harry Yeh Timothy Sykes
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources useful in their efforts to reduce losses and be more successful than before. It’s not only the struggling traders that will 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 be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Harry Yeh Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard. It lets you record your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.