The stock market can be an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your peak. If you’re always in the mud You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth within the field. This review will be taking a look at Profit.ly A well-respected single-stop social platform to trade!
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 How To Read Level 2 Timothy 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 enables traders of various levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries that the site. Consider it an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that was never prior to.” This idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to learn from both losses and wins for the trading industry’s benefit. How To Read Level 2 Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. It is possible to create an account there at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and skills, join 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 previously mentioned, is designed to give its users a look at how the community of traders performs as well as its experts. It’s not only a chance to show your worth to a large group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through screenshots. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. When he was 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create 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 played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned significant amounts of profit from their combined years of experience. How To Read Level 2 Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “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 all-time trading profits. How To Read Level 2 Timothy Sykes
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition 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 plans and costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan 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 vital trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone 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.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from The Novice package. This plan allows that you can set up an account that is private for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics, which could be a disadvantage for those anticipating this level. How To Read Level 2 Timothy Sykes
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, which includes an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading expert 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 clips taken 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 variety of services and features. You are probably familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. Some may be laid back and less active, while another may be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works and the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of features to their best advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. How To Read Level 2 Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could 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 number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep curiosity. How To Read Level 2 Timothy Sykes
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ How To Read Level 2 Timothy Sykes
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
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 app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.
