The stock market can be an extremely risky game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to return to the point you were at your peak. If you are immersed in the water You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you in your improvement within the field. In this review, we’ll be taking a look at Profit.ly is a well-known 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 Forexwinn
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad array of options for trade and communication that help traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never prior to.” The concept, he added, served two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students, and 2) giving everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Tim Sykes Forexwinn
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed at achieving success. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into how the community of traders performs as well as its experts. It’s not just a way to demonstrate your worth to a large group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, either verified or not, via photographs. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small companies to move to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have earned substantial profits from their collective years of knowledge. Tim Sykes Forexwinn
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this 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, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast 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 that’s available on iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Forexwinn
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition, 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 world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can do with 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 giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you do want to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which could be a disadvantage for some who may be anticipating this level. Tim Sykes Forexwinn
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, with an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to pick from a range of videos designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with 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 in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be more laid back and rarely engaged, while another could be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they travel. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that the process is a risky game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works along with the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Tim Sykes Forexwinn
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades 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 are expected to instantly benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, it is best to keep an open mind. Tim Sykes Forexwinn
What we are referring to”yes” is it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources to be helpful in their efforts to incur lesser loss 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 in the field!
If you truly desire to be better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Forexwinn
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the “My Trade’ category of the dashboard that lets you record your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.