The stock market can be a high-stakes game. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important to realize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve found an option that can help you to improve your performance in the market. We’ll take a look at Profit.ly, a well-recognized 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. 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 Webinar 2021 May 10
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative, transparent, accountable, and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that was never previously done.” The idea Sykes said served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving all users to be enlightened by both losses and wins for the trading industry’s benefit. Tim Sykes Webinar 2021 May 10
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed towards achieving success. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account, and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at the performance of the trading community and its experts. It’s not only a chance to prove value to a group of traders, as you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through photographs. In Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, along with email and text alerts 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 penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition into a larger market because it gives them access to funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a platform 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 resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned significant amounts of profit through their years of knowledge. Tim Sykes Webinar 2021 May 10
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for 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 Webinar 2021 May 10
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ stats this could be a disadvantage for some who may be eager to try this new tier. Tim Sykes Webinar 2021 May 10
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. With $74.95 per month, which includes 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of those is its online store, where customers can select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You’re probably 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 assistance. But on Profit.ly it’s seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be laid back and less active, while another may be more active and in touch in their interactions with students. Consider 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 caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks that it carries. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes Webinar 2021 May 10
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable 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 libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to immediately 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 could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Tim Sykes Webinar 2021 May 10
What we mean”yes” is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s variety of resources useful in their efforts to avoid losses and be more successful than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Webinar 2021 May 10
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the ‘My Trade section of the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could 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 available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
