The stock market can be an extremely risky game. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your best. If you are always in the mud it is important to realize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the market. We’ll be taking the time to look at Profit.ly A well-respected 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 Wine Society
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders new to trading and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as 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 transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) making public records for not just the gurus and newsletter writers and students, and 2) allowing everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Wine Society
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its gurus. It’s not just a way to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or not, via photographs. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts via chatrooms as well as text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because they can access money from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their combined years of expertise. Tim Sykes Wine Society
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. In light of that Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase in 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; email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is a great option for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Wine Society
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real time, and E-mail 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 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 weekly video lessonsthat include the growing collection of other previous ones. Additionally you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign to this plan you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features you can do with 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 messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you do want to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the novice plan. This plan allows that you can create an account that is private to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats this could be a problem for some who may be anticipating this level. Tim Sykes Wine Society
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month with 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of them is the 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. All of the products featured in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the chat room as you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly the chat room is viewed as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be more laid back and not very often active, while another might be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, however they’ll realize that this is a risky game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works along with the risky mix associated with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Tim Sykes Wine Society
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have an open mind. Tim Sykes Wine Society
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful as they do their best to incur lesser losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Wine Society
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the My Trade section of the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.