Stock trading is an extremely risky game. Some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were your best. If you find yourself always in the mud You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve identified a platform that can support you in your growth within the field. We’ll be taking the time to look at Profit.ly A well-respected 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 Spikeability
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are starting out as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries that the site. Consider it a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus, but also the students and newsletter writers as well as) allowing anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Spikeability
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared towards achieving the success of their business. You can create an account on the site for free, but you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into how the community of traders performs and its experts. You’re not just allowed to prove value to a large group of traders, as you can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can choose to publish your trades, whether verified or not, via screenshots. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of expertise. Tim Sykes Spikeability
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the 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, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Spikeability
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have access to premium research reports and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re looking to gain 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 users to benefit from many of the features of the novice plan. It is in this plan that you can set up an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ stats, which could be a problem for some who may be anticipating this level. Tim Sykes Spikeability
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all features of the previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, where customers can pick from a range of videos created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes from events like 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 the chat room as you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members. One might be more laid back and not very often active, while another might be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to choose from the items in its online store to carry with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited to them as those who are just starting. While novice traders may not be as proficient in managing trading, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Tim Sykes Spikeability
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you should have curiosity. Tim Sykes Spikeability
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources helpful as they do their best to incur lesser loss and perform better than before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Spikeability
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the “My Trade section of the dashboard that allows you to post your trades, either verified or otherwise. You may choose between 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.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities left and right.
