Stock trading can be an exciting game with high stakes. On some days, you may have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to get back to where you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you to improve your performance in the industry. We’ll be taking 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 Without A Job
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people new to trading and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The concept was, he said, serving two purposes: 1) creating public track records for not just the gurus and students and newsletter writers, and 2) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Without A Job
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared at achieving success. You can create an account for free, but you’re only limited to having access to the leaderboards and monitor the activities 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 it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may choose to publish your trades, verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms 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 has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trader. When he was 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their combined years of experience. Tim Sykes Without A Job
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
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 this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Without A Job
The Superman Alerts package is his offering of essential features and trading alerts 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 commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you are able to create an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their trading skills. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders that could be a disadvantage for those looking forward to this tier. Tim Sykes Without A Job
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can select from a variety of videos created to guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is not very often active, while another might be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and their members. Additionally, they can select from the products from its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suited to them as those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Tim Sykes Without A Job
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep curiosity. Tim Sykes Without A Job
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful in their efforts to reduce 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 in the field!
If you truly desire to be a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Without A Job
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the My Trade category on the dashboard which lets you record your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities left and right.