The stock market can be an exciting game with high stakes. Some days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to get back to the point you were at your peak. If you find yourself immersed in the water, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your growth in the industry. This review will take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Book Recommendations
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative, transparent, accountable, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of advanced 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 one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” This idea was, he said, serving two objectives: one) creating public track records for not just the gurus, but also the newsletter writers and students and secondly) making it possible for everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Book Recommendations
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving success. It is possible to create an account there for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to show that you’re worthy to the community of traders. You can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may decide to share your trades, whether verified or not, via photographs. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a market that is larger as they can access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of knowledge. Timothy Sykes Book Recommendations
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: the 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’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, as well as 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. Priced at $149.95 monthly, it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “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. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Book Recommendations
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this package you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. In this plan, that you can set up an account that is private to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats this might be a drawback for some who may be anticipating this level. Timothy Sykes Book Recommendations
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and 22% off for billing annually This plan offers everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users pick from a range of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are 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 assistance. But in Profit.ly, it is seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. One might be laid back and not very often active, while another may be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as proficient in handling trading matters however, experienced traders know how it works along with the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as 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 help guide them through the ever-illustrious trading process. Timothy Sykes Book Recommendations
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
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 scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you need to have curiosity. Timothy Sykes Book Recommendations
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources to be helpful as they do their best to reduce losses and be more successful than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Book Recommendations
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the “My Trade category on the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.
