Stock trading can be a high-stakes game. On some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to the point you were at your most productive. If you’re constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. This review will be taking the time to look at Profit.ly, a well-recognized 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 Dvd Review
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines 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 platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The idea, he added, served two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students as well as) giving all users to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Dvd Review
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed at achieving achievement. It is possible to create an account on the site at no cost, however you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not just a way to prove that you’re worthy to the large group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, via screenshots. In Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small companies to move to a market that is larger as it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money through their years of knowledge. Tim Sykes Dvd Review
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per 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 that’s available to iOS and Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features of earlier plans including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Dvd Review
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three 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 trading world. As you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use many of the features of the novice plan. In this plan, that you can create a private profile for sharing with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ stats this could be a disadvantage for those looking forward to this tier. Tim Sykes Dvd Review
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month which includes a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get 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, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of them is the online store, where customers can choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be more laid back and rarely active, while another may be more online and communicative in their interactions with students. Consider chat rooms 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 are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room tips from its in-house gurus and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to the newcomers. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to improve their skills in trading. 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 as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Tim Sykes Dvd Review
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could be too much for most of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you should have curiosity. Tim Sykes Dvd Review
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources useful when they try their best to avoid loss and perform better than they did 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 truly care about being a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Dvd Review
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade category on the dashboard that lets you post your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.