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 you may experience the opposite and it can be very difficult to get back to where you were your best. 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 suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve found a platform that can support you to improve your performance in the industry. We’ll take an in-depth look at Profit.ly is a well-known 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 The New Rich Tim Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people 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 trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Imagine it as an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The concept Sykes said served two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students and secondly) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. The New Rich Tim Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving achievement. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect 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 an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders. You can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account then you could opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small businesses to transition to a market that is larger as they can access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have earned significant amounts of profit from their collective years of expertise. The New Rich Tim Sykes
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the 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 we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to a library of over 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. The New Rich Tim Sykes
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we call a competitive procedure in its own.
The list of features 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 texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re looking to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from The Novice package. It is in this plan that you are able to create an account that is private to share with other associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their trading skills. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for those who are looking forward to this tier. The New Rich Tim Sykes
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of them is the online store, where customers can choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes taken from 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’re probably familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. Some may be laid back and less engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to them as those who are just starting. While novice traders may not be as well-equipped with managing trading however, experienced traders know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry 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 in order to navigate them through the ever-changing trading process. The New Rich Tim Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, 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 variety of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous services the platform has to provide
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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’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you need to have an open mind. The New Rich Tim Sykes
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources useful as they do their best to reduce loss and perform better than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ The New Rich Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.