The stock market can be an extremely risky game. On some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were your peak. If you are always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you to improve your performance in the market. In this review, we’ll be taking a 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.
Total Rating: 4.1/5 Tim Sykes First Red Day
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 responsible, transparent, and uplifting with each other by offering a wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” The idea, he added, served two purposes: 1) making public records for all traders, not just the gurus and newsletter authors and students, and 2) allowing all users to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes First Red Day
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. You can create an account there at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to prove your worth to a large group of traders, but you can also 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’re not comfortable with the idea of sharing information about your account with a brokerage, you may decide to share your trades, verified or otherwise, through pictures. In Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts through the chatroom 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 personality who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market is an avenue for small-scale businesses to make the transition into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of knowledge. Tim Sykes First Red Day
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, 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. When we take that into account Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for 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 earnings. Tim Sykes First Red Day
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re interested in have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. It is in this plan that you can create an account that is private to share with other associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which could be a problem for some who may be anticipating this level. Tim Sykes First Red Day
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating a private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few other services they offer. One of them is the online store, which lets users choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts 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 listed members there. Some may be a laid-back person who is rarely active, while another may be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able choose from the items from its online store for them to take wherever they may be. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with managing trading but the experts already know the way it functions and the risky mix associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Tim Sykes First Red Day
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of packages and products offered may be too much for most of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, 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 intended to be created to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes First Red Day
What we are referring to”yes” is it can be a great learning tool. People who are stuck could be able to find Profit.ly’s variety of resources to be helpful when they try their best to reduce loss and perform better than before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you truly want to become more successful in trading and would like to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes First Red Day
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.