Stock trading can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were at your most productive. If you are constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement in the market. We’ll be taking an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Offerup Tim Sykes
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed and accountable, as well as transparent and encouraging one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are starting out and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
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 ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” This idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving all users to learn from both the wins and losses for the trading industry’s benefit. Offerup Tim Sykes
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed towards achieving success. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group and its experts. It’s not only a chance to prove your worth to a large group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you may decide to share your trades, either verified or not, via pictures. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus in the chatroom, as well as 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 involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trader. At 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial amounts of money through their years of expertise. Offerup Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro 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, there are only two gurus who remain on the platform: the founder of the penny stock market 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 packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service 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 fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and 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 version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is a great option for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Offerup Tim Sykes
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign to this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re interested in gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing 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 will do what the name implies: Cater to those who desire to develop their trading skills. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders, which could be a problem for those eager to try this new tier. Offerup Tim Sykes
This is by far the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, and an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few additional services that it can provide. One of them is the online store, where customers can choose from a wide array of instructional videos that are created to help you understand the nuances and pitfalls of trading. The products 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 by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer 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 style in running their chat rooms and dealing with the listed members. One of them may be more laid back and less active, while another may be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they be. You can also get hands-on experience trading on the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works along with the risky mix that it carries. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Offerup Tim Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you should have the ability to think with an open heart. Offerup Tim Sykes
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources useful in their efforts to avoid losses and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Offerup Tim Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the ‘My Trade category on the dashboard which lets you post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.