The stock market can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were at your peak. If you are immersed in the water it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the market. We’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Redchip Timothy Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people who are starting out and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade and letting traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The idea, he added, served two goals: 1.) keeping track of public data for not just the gurus and students and newsletter writers, and 2) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Redchip Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared toward the success of their business. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to prove value to a large group of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could opt to post your trades, whether verified or otherwise, through photographs. In Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market could be viewed as a stepping stone for small companies to move to a market that is larger as they can access capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their combined years of expertise. Redchip Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, 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. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Redchip Timothy Sykes
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
From “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 via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you do want to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. This plan allows that you are able to create a private profile to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics this could be a problem for those eager to try this new tier. Redchip Timothy Sykes
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only 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, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which lets users pick from a range of video products designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny 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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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You are probably familiar with the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. One might be laid back and less active, while another might be more online and communicative with their students. 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 wide range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items in its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Redchip Timothy 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, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you should have curiosity. Redchip Timothy Sykes
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s range of resources helpful as they do their best to avoid losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Redchip Timothy Sykes
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade category on the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account to the 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 is authentic or not?
If you buy your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market left and right.