The stock market can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to get back to where you were at your most productive. If you’re immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you to improve your performance in the market. This review will be taking an in-depth look at Profit.ly is a well-known 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 Otcqx Vs Otcqb Vs Pink Vs Grey Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Otcqx Vs Otcqb Vs Pink Vs Grey Tim Sykes
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared at achieving success. You can create an account on the site for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to 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 to your brokerage account and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to show that you’re worthy to the large group of traders, but you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms in addition to 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 famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial profits through their years of expertise. Otcqx Vs Otcqb Vs Pink Vs Grey Tim Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most prominent experts were 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 this platform: 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, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Otcqx Vs Otcqb Vs Pink Vs Grey Tim Sykes
The Superman Alerts plan is an 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 premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed to this plan, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $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, thus making your activities publicly available. If you’re interested in get an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their skills in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders this could be a disadvantage for those looking forward to this tier. Otcqx Vs Otcqb Vs Pink Vs Grey Tim Sykes
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of 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 trainer tools and leaderboards, Profit.ly provides a variety of more services it has to offer. One of these 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. The products listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items from its online store that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to improve their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Otcqx Vs Otcqb Vs Pink Vs Grey Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must 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 should have an open mind. Otcqx Vs Otcqb Vs Pink Vs Grey Tim Sykes
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck could discover Profit.ly’s array of resources useful in their efforts to avoid losses and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Otcqx Vs Otcqb Vs Pink Vs Grey Tim Sykes
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the ‘My Trade category on the dashboard that lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.
