The stock market can be an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were your most productive. If you’re immersed in the water it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve found an online platform that will help you to improve your performance within the field. This review will take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tim Sykes Mid Week
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are starting out as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been prior to.” The idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students as well as) giving all users to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Mid Week
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide 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 can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, verified or not, via screenshots. In Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms in addition to 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 is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. Penny stock trading is an avenue for small businesses to transition into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, 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 most appealing features is the wide range of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have made significant amounts of profit from their collective years of expertise. Tim Sykes Mid Week
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the prominent experts included 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. With that taken into consideration we’ll take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: 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 the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Mid Week
The Superman Alerts package is his offering of 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 premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When 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 can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. This plan allows that you can set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Tim Sykes Mid Week
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also 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 variety of services and features. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a real-time space where experts and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members. Some may be laid back and 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 for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and their members. Additionally, they can select from the products on its store online to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks associated with it. Ideally, they may use Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Tim Sykes Mid Week
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating This could be a problem 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 the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have an open mind. Tim Sykes Mid Week
What we mean”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s range of resources helpful when they try their best to reduce losses and be more successful than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Mid Week
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase 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 post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.