The stock market can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to get back to where you were your peak. If you’re always in the mud it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance in the market. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 Hours
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed, transparent, accountable, and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those new to trading and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Tim Sykes Hours
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed towards achieving success. You can create an account there at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs and its experts. It’s not only a chance to prove value to a large group of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, along with 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 has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift 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 tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial profits from their collective years of expertise. Tim Sykes Hours
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Hours
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and lastly, look at 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 can’t create a private profile, thus making your activities publicly available. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders that could be a problem for those who are anticipating this level. Tim Sykes Hours
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month and 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of these is its online store, which lets users pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is less active, while another may be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able to choose from the items on its store online that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to the newcomers. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to develop their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Tim Sykes Hours
Profit.ly’s Pros and Pros and
- 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’ll receive excellent training and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much 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 cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s a ‘yes’. But you need to understand that the platform should not be used 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 Hours
What we do mean”yes” is it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful when they try their best to avoid loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Hours
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting 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 the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are 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 all over the world.