The stock market can be a high-stakes game. Some days, you may have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your peak. If you’re constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your improvement in the industry. In this review, 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.
Overall Rating: 4.1/5 Tim Sykes Toward Perfection
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive 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 new to trading and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two objectives: one) creating public track records for not just the gurus and students and newsletter writers and secondly) making it possible for all users to learn from both the wins and losses to benefit the industry of trading. Tim Sykes Toward Perfection
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to show value to a group of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you can decide to share your trades, verified or not, by taking screenshots. In Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts through the chatroom in addition to 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 trader who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings 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 trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money through their years of knowledge. Tim Sykes Toward Perfection
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this 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, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
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 per month, it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Toward Perfection
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from a majority of features from the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics that could be a disadvantage for those eager to try this new tier. Tim Sykes Toward Perfection
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, and an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create your own private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few additional services that it can provide. One of them is the online store, where customers can 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 can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a area where experts and members trade and learn in real time. Each guru has their style in operating their chat room and in dealing with the members. Some may be laid back and less active, while another might be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that this is a risky game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure 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 well-equipped with managing trading but the experts already know how it works and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Tim Sykes Toward Perfection
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. However, you must 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 the ability to think with an open heart. Tim Sykes Toward Perfection
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Toward Perfection
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the My Trade category on the dashboard which allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most 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 seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.