The stock market can be an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your improvement in the industry. This review will take the time to 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. 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 Vk
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 different levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea Sykes said served two objectives: one) creating public track records for not just the gurus and students and newsletter writers, and 2) allowing everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Book Vk
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving achievement. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. You’re not just allowed to show your worth to a community of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you may opt to post your trades, either verified or not, by taking pictures. In Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to communicate with your gurus via chatrooms in addition to 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 is famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits through their years of expertise. Timothy Sykes Book Vk
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the 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 of the penny stock market 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 packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for 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 Book Vk
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain 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 and access to a knowledgeable base provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that, you’ll also get 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 industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate 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 people who are brand new to the world of trading. When you sign to this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their trading skills. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics this might be a drawback for some who may be eager to try this new tier. Timothy Sykes Book Vk
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. With $74.95 each month with 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can pick from a range of video products created to help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips 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 may be familiar with the chat room as you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a area where experts and members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be laid back and less engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a high-stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s array of features to their full advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Book Vk
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have an open mind. Timothy Sykes Book Vk
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s array of resources useful in their efforts to reduce losses and be more successful than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Book Vk
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard that allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is 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 works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
