The stock market can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to the point you were at your peak. If you’re constantly stuck in the gutter it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the industry. 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.
Total Rating: 4.1/5 Sykes Timber Opening Times
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it a social media site akin like Facebook and Reddit, but for experts and traders.
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 transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was based “on showing every trade, something that has never been done before.” The idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for all users to learn from both losses and wins to the benefit of the trading industry. Sykes Timber Opening Times
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed towards achieving achievement. You may set up an account on the site 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 ready to invest your money to 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 simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at their performance as a trading group and its gurus. It’s not only a chance to show your worth to a community of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could choose to publish your trades, whether verified or not, by taking pictures. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms 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 well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition to a market that is larger as they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education 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 made substantial profits from their combined years of expertise. Sykes Timber Opening Times
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: the 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 we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month it is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Sykes Timber Opening Times
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at 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 just beginning their journey to the world of trading. As you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. In this plan, that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics that might be a drawback for those who are looking forward to this tier. Sykes Timber Opening Times
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month which includes an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating a private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro level 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 more services it has to provide. 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 on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and members trade and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be laid back and less active, while another might be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, from novices to the most experienced. With the variety of deals it offers it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a risky game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Sykes Timber Opening Times
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep curiosity. Sykes Timber Opening Times
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Sykes Timber Opening Times
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the My Trade category on the dashboard. It lets you record your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.
