Stock trading can be an extremely risky game. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to where you were at your best. If you’re always in the mud, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your growth in the market. This review will take an in-depth 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 How To Make Millions By Timothy Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are starting out as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was based “on showing every trade, something that has never been previously done.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students as well as) allowing everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. How To Make Millions By Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared towards achieving the success of their business. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to show your worth to a community of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, either verified or not, via photographs. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus through the chatroom along with 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 trader who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place for transparency, 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 most appealing features is the variety of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned significant amounts of profit through their years of experience. How To Make Millions By Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. With that taken into consideration we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. How To Make Millions By Timothy Sykes
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “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 Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these 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 just beginning their journey to the trading community. When you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re looking to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can set up an account that is private to share with other associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics this could be a problem for those looking forward to this tier. How To Make Millions By Timothy Sykes
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few other services they provide. One of them is the online store, where customers can select from a variety of videos that are designed to educate and help you understand 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. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be laid back and less active, while another may be more online and communicative 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 variety of offerings and features caters to an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that this 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 see Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at managing trading, the pros already understand how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. How To Make Millions By Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and tips from the internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to increase the rating This could be a concern that should not be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. How To Make Millions By Timothy Sykes
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful as they do their best to avoid loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be a better trader and want to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ How To Make Millions By Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the My Trade category on the dashboard which lets you record your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.