Stock trading can be an exciting game with high stakes. On certain days, you might be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your most productive. If you are 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 loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve identified a platform that can support you in your growth within the field. We’ll be taking a 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 Book Library
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad 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 site that serves both as a learning and training platform for people new to trading and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The concept was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students, and 2) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Book Library
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared towards achieving success. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at how the community of traders performs as well as its experts. You’re not just allowed to show value to a large group of traders, but you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, verified or not, via photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to connect with your gurus via chatrooms in addition to email and text alerts as well as 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 the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial amounts of money from their combined years of experience. Timothy Sykes Book Library
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most prominent experts were 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: 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 we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Book Library
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 access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is 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 a growing library of all the previous ones. In addition, you’ll also get the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s break down what these three are and how much 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 will be immediately provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish using 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 onto leaderboards; study your trades, sort as well as filter trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can set up an individual profile that allows you to share with other associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their skills in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able view the statistics of other traders this might be a drawback for those anticipating this level. Timothy Sykes Book Library
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 per month, and an additional 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all features from the two prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, which lets users pick from a range of video products that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be more laid back and not very often engaged, while another could be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suited to those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Book Library
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Book Library
What we mean”yes” is it could be a useful learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Book Library
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard which lets you record your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.