Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were at your best. If you are constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. This review will take a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Bitcoin
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various 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 like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept was, he said, serving two objectives: one) creating public track records for not just the gurus, but also the newsletter writers and students and secondly) making it possible for anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Tim Sykes Bitcoin
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving success. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboards and monitor 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 sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, verified or not, via photographs. In Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. At the age of 25, he had been given greater exposure and a larger impact as a participant in 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 people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial profits through their years of knowledge. Tim Sykes Bitcoin
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most famous experts included 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 program. It costs $149.95 monthly, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans such as alerts for swing trading and access to an extensive 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 is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Bitcoin
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge 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 a growing library of all the previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your hands on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make and, finally, see other people’s statistics.
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 profile, which makes your actions public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from a majority of features from The Novice package. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics, which might be a drawback for some who may be eager to try this new tier. Tim Sykes Bitcoin
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of other services they provide. One of these is its online store, which lets users pick from a range of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members. One might be laid back and less active, while another might be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus and members. They’ll also be able choose from the items from its online store that they can take with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to the newcomers. While novice traders may not be as proficient in managing trading however, experienced traders know how it works and the risky mix that come with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to develop their trading skills. Like beginners, they can learn from the top experts and experts and utilize those 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 enjoyment! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Tim Sykes Bitcoin
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready 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 authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, 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 meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Bitcoin
What we mean”yes” is it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful when they try their best to reduce losses and be more successful than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Bitcoin
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the “My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to 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
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.