Stock trading can be an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to get back to where you were your peak. If you’re constantly stuck in the gutter You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you to improve your performance within the field. This review will 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. 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 As A Kid
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 permits traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are starting out as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter writers and students as well as) giving anyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes As A Kid
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving achievement. You can create an account there 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 ready to invest your money and see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms 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 has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as a trader. When he was 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to establish 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 place for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial profits from their combined years of expertise. Timothy Sykes As A Kid
At its peak, Profit.ly had housed up to five gurus, all of them a pro 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 only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A single purchase in 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, email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is a great option for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes As A Kid
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed up for this package, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re looking to gain access to this feature, 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 package. In this plan, that you can create a private profile to share with other associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats this could be a problem for some who may be anticipating this level. Timothy Sykes As A Kid
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, with 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which allows users to pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is not very often active, while another may be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they go. You can also get hands-on experience trading on the platform, however they’ll realize that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the risky mix that it carries. It is ideal to make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes As A Kid
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, it is best to keep curiosity. Timothy Sykes As A Kid
What we do mean”yes” is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes As A Kid
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
