The stock market can be a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were at your peak. If you are always in the mud, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified an option that can help you in your growth in the market. This review will take a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Read Sec Filings Course 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 allows traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus as well as newsletter authors and students as well as) giving all users to learn from both losses and wins to the benefit of the trading industry. Read Sec Filings Course Timothy Sykes
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. It is possible to create an account there at no cost, however you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, as well as email and text alerts 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 delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The penny stock market is a stepping stone for small businesses to transition into a larger market because it gives them access to capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He made use of the show 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 place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their combined years of knowledge. Read Sec Filings Course Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the 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, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. 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 includes all the basic features found in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational 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 trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Read Sec Filings Course Timothy Sykes
The Superman Alerts package is his package of vital features and trading alerts geared 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 as well as the mobile app, the daily market updates 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 the extensive knowledge base provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that, you’ll also get access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can set up a private profile to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to view the statistics of other traders this could be a problem for those eager to try this new tier. Read Sec Filings Course Timothy Sykes
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create a private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few other services they provide. One of them is the online store, where customers can choose from a wide array of video products created to guide you through 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. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library 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 other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a place where gurus and their member traders can communicate 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. Some may be more laid back and not very often active, while another may be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products in its online store for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to the newcomers. Although the novices might not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Read Sec Filings Course Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its users
- As traders may opt to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Read Sec Filings Course Timothy Sykes
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources helpful when they try their best to reduce losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be better at trading and wish to be taught by your mentors and peers throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Read Sec Filings Course Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the My Trade section of the dashboard that lets you record your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
