Stock trading can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to return to where you were your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve identified a platform that can support you to improve your performance within the field. We’ll be taking a look at Profit.ly A well-respected all-in-one 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tim Sykes Whiteboard
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 allows traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for trade and communication and letting 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. Consider it the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” This idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus, but also the students and newsletter writers and secondly) making it possible for everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Tim Sykes Whiteboard
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving achievement. You may set up an account there at no cost, however 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 which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community and its experts. You’re not just allowed to prove your worth to a large group of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or otherwise, through photographs. Included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom along with text and e-mail alerts and 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 trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop 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 played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial profits from their combined years of expertise. Tim Sykes Whiteboard
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous gurus 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 packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices; 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 package. At $149.95 per month, this is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Whiteboard
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other 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 plans and costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. 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 personal information public. If you’re looking to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. In this plan, that you can create a private profile to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their trading skills. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you will not be able to see the statistics of other traders that could be a problem for those anticipating this level. Tim Sykes Whiteboard
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these features, on top of all the 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 a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to pick from a range of video products designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” 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 aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re 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 assistance. But on Profit.ly it’s seen as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be laid back and less active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able to select from the products on its store online for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as adept at 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 variety of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Tim Sykes Whiteboard
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you need to have curiosity. Tim Sykes Whiteboard
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s range of resources to be helpful as they do their best to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really want to become a better trader and want to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Tim Sykes Whiteboard
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the ‘My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
