The stock market can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your best. If you are always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll be taking the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tim Sykes On Twitter
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades 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 accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that has never been prior to.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus and students and newsletter writers as well as) making it possible for anyone on the platform to learn from the losses and wins to benefit the industry of trading. Tim Sykes On Twitter
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed toward success. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not just a way to demonstrate value to a group of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile and other methods to communicate with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish 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 sweet inclusions is the wide range of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial amounts of money from their combined years of experience. Tim Sykes On Twitter
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the 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 take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices; texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has 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 On Twitter
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, the daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans 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 help you going. The platform offers three membership levels that cater to traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you will not be able view other traders’ stats that might be a drawback for some who may be eager to try this new tier. Tim Sykes On Twitter
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month and 22% off for billing annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to pick from a range of video products created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage from events like 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 variety of features and services. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be laid back and not very often engaged, while another could be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand the way it functions and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
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 excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Tim Sykes On Twitter
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training 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 fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- If traders decide to make any type of trade, there is a possibility that some of them could profit from picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you need to have curiosity. Tim Sykes On Twitter
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s variety of resources helpful in their efforts to avoid losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes On Twitter
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the My Trade section of the dashboard that lets you record your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified 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 post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.
