The stock market can be a high-stakes game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your peak. If you’re immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified an option that can help you in your improvement in the industry. We’ll take an in-depth 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 Timothy Sykes 14 Hours Free Video
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading 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 with the help of sophisticated analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was founded years ago by the penny expert in stock trading and investment guru 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 every trade, something that was never previously done.” This idea was, he said, serving two objectives: one) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) allowing everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes 14 Hours Free Video
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to prove your worth to a community of traders. You are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could opt to post your trades, either verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile as well as other ways to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place of openness, 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 wide range of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial amounts of money from their combined years of experience. Timothy Sykes 14 Hours Free Video
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single 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, as well as 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 premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes 14 Hours Free Video
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. 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 trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their expertise in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to view the statistics of other traders this could be a problem for those who are looking forward to this tier. Timothy Sykes 14 Hours Free Video
This is by far the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month with a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating a private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to select from a variety of instructional videos that are created to help you understand the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is rarely active, while another might be more active and in touch in their interactions with students. Consider chatrooms 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 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.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items in its online store to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to them as the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes 14 Hours Free Video
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 tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its customers
- If traders decide to make any type of trade, there is a possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to provide
The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes 14 Hours Free Video
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes 14 Hours Free Video
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade category on the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.