The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to get back to where you were your peak. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you in your improvement in the market. This review will take the time to look at Profit.ly A well-respected all-in-one 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.
Overall Rating: 4.1/5 Timothy Sykes Around The House
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative and accountable, as well as transparent and encouraging each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students, and 2) giving anyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Around The House
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. You can create an account at no cost, however you’re only given the ability to navigate through the leaderboard and observe 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 sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove your worth to a large group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile, and more ways to interact with your experts in the chatroom, as well as 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 is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks is an opportunity for small businesses to transition into a larger market because they can access capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have earned substantial profits from their combined years of expertise. Timothy Sykes Around The House
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices; texts, emails, 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 an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Around The House
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. This plan allows that you can set up a private profile to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Timothy Sykes Around The House
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, with 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro level is 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 those is its online store, where customers can choose from a wide array of instructional videos that are created to help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes of events like 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 variety of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be laid back and rarely engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items from its online store to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at handling trading matters but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Around The House
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its users
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Timothy Sykes Around The House
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful as they do their best to reduce losses and be more successful 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 in the field!
If you really want to become more successful in trading and would like to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Around The House
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the My Trade category on the dashboard. It lets you record your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in 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 more than 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.