The stock market can be a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were at your best. If you’re constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you to improve your performance in the market. This review will be taking a 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.
Total Rating: 4.1/5 Timothy Sykes Around The World
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informative and accountable, as well as transparent and uplifting with one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity 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.
In an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two objectives: one) making public records for everyone, not just the experts and students and newsletter writers and secondly) allowing all users to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Around The World
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared toward success. You may set up an account at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not just a way to show your worth to a large group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms 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 personality who has been famously known for his involvement in penny stock trading. 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 a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped 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 tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial profits from their combined years of experience. Timothy Sykes Around The World
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. When we take that into account we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices; text, e-mail, 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. It costs $149.95 per month, this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated each week.
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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 both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Around The World
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially 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 one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $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 profile, thus making your personal information public. If you’re looking to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows you to use the majority of features available in the Novice plan. This plan allows that you can create a private profile to share with fellow associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their expertise in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics, which could be a problem for those looking forward to this tier. Timothy Sykes Around The World
This is by far the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month with 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all the features of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which allows users to choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. One might be a laid-back person who is rarely active, while another may be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes Around The World
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them could profit from picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to instantly take advantage of the numerous 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 an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Around The World
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources helpful when they try their best to reduce loss and perform better than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Around The World
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade category on the dashboard which lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people 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 to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.