Stock trading is an extremely risky game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to where you were at your peak. If you’re immersed in the water You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve discovered a platform that can support you in your improvement within the field. We’ll take a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Tim Sykes Millionaire Student
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders new to trading and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad variety of tools 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 that the site. Imagine it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style 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 guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The concept, he added, served two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) making it possible for anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Tim Sykes Millionaire Student
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared toward achievement. You can create an account there for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, verified or not, via photographs. Also included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small companies to move to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Tim Sykes Millionaire Student
At its height, 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who 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 we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
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 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A purchase on its own 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; email, text, 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 monthly, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans including alerts for swing trading and access to a rich library of over 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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Millionaire Student
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to use a majority of features from the novice plan. In this plan, 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.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ stats this could be a problem for some who may be eager to try this new tier. Tim Sykes Millionaire Student
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to pick from a range of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. Some may be a laid-back person who is less active, while another might be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable 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 stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Tim Sykes Millionaire Student
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You will be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable 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 trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the number of services that the platform can 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 would be yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, it is best to keep curiosity. Tim Sykes Millionaire Student
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really care about being more successful in trading and would like to learn from your mentors and peers along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Millionaire Student
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.