The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were your most productive. If you are constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you in your growth in the industry. We’ll be taking an in-depth look at Profit.ly is a well-known 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 Tsnp
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative, transparent, accountable, and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) allowing all users to gain insight into both losses and wins to benefit the industry of trading. Tim Sykes Tsnp
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to prove value to a large group of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile, and more ways to connect with your gurus via chatrooms along with 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 trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a market that is larger as it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy 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 show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of experience. Tim Sykes Tsnp
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as 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 premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic 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 each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tim Sykes Tsnp
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. In addition to the basic features 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 the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders of 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 beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, all 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 using 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 providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks 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 interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you are able to create a private profile to share with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics, which might be a drawback for those who are anticipating this level. Tim Sykes Tsnp
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few other services they offer. One of those is its online store, where customers can select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can see it across 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 space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One might be more laid back and not very often active, while another may be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works along with the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Tim Sykes Tsnp
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through 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 reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes Tsnp
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources helpful when they try their best to avoid loss and perform better than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes Tsnp
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.
