The stock market can be an extremely risky game. On some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were at your most productive. If you are immersed in the water it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested 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 online platform that will help you to improve your performance within the field. We’ll be taking the time to look at Profit.ly, a well-recognized 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. 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 During The Great Depression
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are starting out as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Consider it 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 publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus and newsletter writers and students as well as) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. Tim Sykes During The Great Depression
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared toward success. You can create an account for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs and its experts. You’re not just allowed to prove value to a community of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you can decide to share your trades, whether verified or not, via pictures. In Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms as well as 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 guru who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their collective years of knowledge. Tim Sykes During The Great Depression
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most famous gurus 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. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts and unlimited 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 name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes During The Great Depression
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted 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 along with the mobile application, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via the 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 other previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re interested in get the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. This plan allows that you can set up a private profile for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ statistics this could be a disadvantage for those anticipating this level. Tim Sykes During The Great Depression
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create an individual profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls 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 from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and footage 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 range of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a place where gurus 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 there. One might be more laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they travel. You can also get hands-on experiences by trading through the platform, however, they will soon learn that the process is a high stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works and the risky mix associated with it. Ideally, they may use Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Tim Sykes During The Great Depression
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a risk that shouldn’t 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 provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, you need to have an open mind. Tim Sykes During The Great Depression
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really want to become better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes During The Great Depression
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the My Trade category on the dashboard. It lets you record your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store 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 more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.