The stock market can be an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the industry. We’ll take 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.
Overall Rating: 4.1/5 Recent Stock Blogs Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those new to trading and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus and newsletter authors and students as well as) making it possible for everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Recent Stock Blogs Tim Sykes
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward achievement. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to prove value to a group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, either verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to interact with your experts 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 well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of expertise. Recent Stock Blogs Tim Sykes
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most prominent 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: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and 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 most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Recent Stock Blogs Tim Sykes
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re looking to get the benefit of this service, you should stay tuned as we 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 plan. It is in this plan that you can set up an account that is private to share with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which could be a problem for those looking forward to this tier. Recent Stock Blogs Tim Sykes
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month with a 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can select from a variety of video products that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a place where gurus and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is rarely active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can select from the products from its online store for them to take wherever they may travel. They can also gain hands-on experiences by trading through the platform, however they’ll realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Recent Stock Blogs Tim Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s 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 intended to be created in this way. Instead, it is best to keep an open mind. Recent Stock Blogs Tim Sykes
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s range of resources useful when they try their best to avoid loss and perform better than they did before. It’s not just the struggling traders that 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 peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Recent Stock Blogs Tim Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities left and right.
