The stock market can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to the point you were at your best. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve discovered an option that can 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 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 Outside Lands
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable responsible, transparent, and encouraging each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” The idea, he added, served two purposes: 1) making public records for everyone, not just the experts and students and newsletter writers and secondly) giving all users to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Outside Lands
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared toward success. You can create an account there for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join 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 we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to show your worth to a large group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, as well as text and e-mail alerts and 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 delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue for small companies to move to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise 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 sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial profits through their years of knowledge. Tim Sykes Outside Lands
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 most famous 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: 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 the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month this is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Outside Lands
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile application, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades; 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 but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to use many of the features of The Novice package. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ stats this could be a disadvantage for some who may be looking forward to this tier. Tim Sykes Outside Lands
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, and a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, where customers can select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be more laid back and not very often engaged, while another could be more interactive and online to their pupils. Think of the chat rooms 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 caters to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as a joke.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as adept at managing trading but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Tim Sykes Outside Lands
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might not be enough for a lot of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. Tim Sykes Outside Lands
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely 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 may be a great choice to start.
FAQ Tim Sykes Outside Lands
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard. It lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting 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 and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.