Stock trading is an extremely risky game. Some days, you might have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving might not be 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 a significant boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your growth within the field. This review will take the time to look at Profit.ly is a well-known single-stop social platform to trade!
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 Until Christmas
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 permits traders of all levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic 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 his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea, he added, served two purposes: 1) creating public track records for not just the gurus as well as newsletter writers and students as well as) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Tim Sykes Until Christmas
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared toward achievement. You may set up an account there for free, but you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to demonstrate your worth to a large group of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or not, via pictures. In Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small businesses to transition to a large marketplace as they can access capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of 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 sweet inclusions is the variety of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money through their years of knowledge. Tim Sykes Until Christmas
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, as well as 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “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 total trading earnings. Tim Sykes Until Christmas
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you do want to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ stats, which could be a disadvantage for those anticipating this level. Tim Sykes Until Christmas
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to pick from a range of instructional videos that are created to provide guidance on the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a area where experts and member traders can communicate and share knowledge 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 rarely active, while another may be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Tim Sykes Until Christmas
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, 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 plans and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, you should have an open mind. Tim Sykes Until Christmas
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you truly want to become more successful in trading and would like to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Until Christmas
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.
