Stock trading can be a high-stakes game. On some days, you could enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your peak. If you are immersed in the water, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you to improve your performance in the market. We’ll be taking a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Timothy Sykes Around The Clock
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 to build relationships with one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) allowing all users to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Around The Clock
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared towards achieving achievement. You can create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to prove your worth to a group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, either verified or not, via photographs. In Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile and other methods to connect with your gurus in the chatroom, along with notifications via email or text as well as 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 the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small companies to move into a larger market because it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. At the age of 25 Sykes was given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned significant amounts of profit through their years of expertise. Timothy Sykes Around The Clock
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
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, texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Around The Clock
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as an 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 field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in have 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 a majority of features from the Novice plan. It is in this plan that you can create an individual profile that allows you to share with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their trading skills. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for those looking forward to this tier. Timothy Sykes Around The Clock
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month which includes a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create an individual profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, which allows users to pick from a range of videos designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since 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 is seen as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be a laid-back person who is not very often active, while another might be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they be. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to them as the newcomers. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their best advantage to improve their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Around The Clock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the many services that the platform can provide
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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 a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep an open mind. Timothy Sykes Around The Clock
What we do mean”yes” is it could be a useful learning tool. People who are stuck may find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Around The Clock
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the My Trade category on the dashboard that lets you post your trades that are verified or not. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.
