The stock market can be an extremely risky game. Some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your peak. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Products
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative, transparent, accountable, and encouraging one another through its wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those who are starting out and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that has never been done before.” The idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students as well as) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Tim Sykes Products
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving achievement. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to show that you’re worthy to the community of traders, as you can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you may decide to share your trades, verified or not, via screenshots. In Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account, and more ways to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The trading of penny stocks is an opportunity for small companies to move to a large marketplace as they can access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made substantial profits from their collective years of knowledge. Tim Sykes Products
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Products
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might 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 updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other 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 monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders that might be a drawback for those who are looking forward to this tier. Tim Sykes Products
This is by far the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes a 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which allows users to select from a variety of videos designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members. One might be laid back and rarely active, while another may be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they may go. You can also get hands-on experience trading on the platform, however, they will soon learn that the process is a risky 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 to them as those who are just starting. While the newbies may not be as adept at managing trading but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to develop their trading abilities. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Tim Sykes Products
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Tim Sykes Products
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become a better trader and want to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes Products
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store 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 currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.