The stock market can be a high-stakes game. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement within the field. We’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes After Hours Trading
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade, 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 of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as is humanly 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 his interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes After Hours Trading
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving success. You may set up an account there for free, but you’re limited to access to 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.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to prove that you’re worthy to the community of traders, but you are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile and other methods to connect with your gurus in the chatroom, 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 trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made substantial profits through their years of experience. Tim Sykes After Hours Trading
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes After Hours Trading
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included 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 gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders of different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats this could be a problem for those who are anticipating this level. Tim Sykes After Hours Trading
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 each month and 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all features from the two previous plans combined.
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 features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of other services they offer. One of these is its online store, which lets users pick from a range of video products that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a area where experts and members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. Some may be a laid-back person who is not very often active, while another might be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products on its store online that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as proficient in managing trading, the pros already understand how it works and the risky mix that it carries. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. Like novices, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes After Hours Trading
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must realize 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, you should have the ability to think with an open heart. Tim Sykes After Hours Trading
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and perform better than before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Tim Sykes After Hours Trading
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade’ category of the dashboard that lets you record your trades, verifiable or not. 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 the spaces provided and details
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.