Stock trading is an extremely risky game. On some days, you could enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to get back to where you were your best. If you find yourself immersed in the water, you will have be aware that relying solely 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, which is why we’ve found an option that can help you in your growth in the industry. In this review, we’ll be taking the time to look at Profit.ly A well-respected all-in-one 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.
Total Rating: 4.1/5 Tim Sykes Books
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 permits traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is 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 with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” This idea, he added, served two goals: 1.) making public records for all traders, not just the gurus and newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Tim Sykes Books
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving success. You can create an account at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking 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 deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to demonstrate value to a group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to interact with your experts via chatrooms in addition to 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 his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading is an opportunity for small companies to move into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for 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 learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made significant amounts of profit from their combined years of experience. Tim Sykes Books
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, 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. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is a great option for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Books
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. You can’t create a private profile, which makes your personal information public. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. It is in this plan that you can set up an account that is private for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ stats that could be a disadvantage for those eager to try this new tier. Tim Sykes Books
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes 22% off when billed annually This plan offers everything. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, where customers can pick from a range of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and less active, while another might be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can select from the products from its online store to carry with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to improve their skills in trading. Like novices, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Tim Sykes Books
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of 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 appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Books
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources useful in their efforts to avoid loss and perform better than before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Books
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the “My Trade section of the dashboard which lets you post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes 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 fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via 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 connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
