Stock trading is an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized one-stop 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 Timothy Sykes 7 Step Trading Framework
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 different levels to be informative responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes 7 Step Trading Framework
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed toward success. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is easy: 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 at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to show that you’re worthy to the community of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile as well as other ways to interact with your experts through the chatroom as well as 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 is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as it gives them access to money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, 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 useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit through their years of knowledge. Timothy Sykes 7 Step Trading Framework
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. 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 this platform: Founder and 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 offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes 7 Step Trading Framework
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. In this plan, that you can set up an account that is private to share with other associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders this could be a disadvantage for those who are looking forward to this tier. Timothy Sykes 7 Step Trading Framework
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, where customers can select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be a laid-back person who is less active, while another may be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to them as people who are just beginning. While the newbies 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. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like novices, they can study from the gurus and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman or 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 7 Step Trading Framework
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform 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 customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s a 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 simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the many services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you should have curiosity. Timothy Sykes 7 Step Trading Framework
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources helpful in their efforts to reduce losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly want to become a better trader and want to be taught by your fellows and gurus on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes 7 Step Trading Framework
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade section of the dashboard that lets you record your trades, either verified or not. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can see who’s fraudulent 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 App Store for Apple and the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
