The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your best. If you are immersed in the water, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you to improve your performance within the field. We’ll be taking 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 Mariana Tim 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 each other by offering a wide variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Think of it as an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students as well as) giving anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Mariana Tim Sykes
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders, but you can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account then you could choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as 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 guru who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because 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 because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He took advantage of it 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 platform for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money through their years of expertise. Mariana Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field 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. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which 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 fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
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 for iOS and Android devices; 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 program. Priced at $149.95 monthly, it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both 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 total trading profits. Mariana Tim Sykes
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, 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, as well as access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll 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 world. As you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to gain an account with this option, be watching for us to 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. This plan allows that you are able to create an account that is private to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats, which might be a drawback for those who are eager to try this new tier. Mariana Tim Sykes
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, and an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can select from a variety of video products created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and scenes from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is not very often active, while another may be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works along with the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Mariana Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call 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
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep curiosity. Mariana Tim Sykes
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s range of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Mariana Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.