Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse 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 recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance in the market. This review will be taking an in-depth 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 Before The Fame
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options for trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts and newsletter authors and students and secondly) making it possible for all users to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Before The Fame
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared at achieving the success of their business. It is possible to create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its experts. It’s not just a way to demonstrate your worth to a community of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus via chatrooms as well as email and text alerts 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 is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an avenue for small businesses to transition to a large marketplace as they can access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, 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 learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial profits from their collective years of knowledge. Timothy Sykes Before The Fame
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the prominent experts were 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: 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
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 be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Before The Fame
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this package, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats, which could be a problem for some who may be eager to try this new tier. Timothy Sykes Before The Fame
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes 22% off when billed annually the Pro plan has it all. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to select from a variety of videos designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a area where experts and members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be laid back and rarely engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Before The Fame
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some 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 take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you need to have curiosity. Timothy Sykes Before The Fame
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s array of resources helpful in their efforts to reduce losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Before The Fame
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting 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, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.
