The stock market can be a high-stakes game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your peak. If you’re immersed in the water, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing 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 found a platform that can support you in your improvement in the market. We’ll take the time to look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Timothy Sykes Cccr
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 enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner 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 possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” The idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing all users to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Cccr
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving achievement. It is possible to create an account at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals, which we will 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 have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom along with 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 is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of knowledge. Timothy Sykes Cccr
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per 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 possible moves in trading.
A single purchase 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, text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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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 he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Cccr
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re interested in get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you can create a private profile to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ statistics, which could be a problem for those who are anticipating this level. Timothy Sykes Cccr
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month and an additional 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is the right choice 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 those is its online store, which allows users to choose from a wide array of instructional videos that are created to provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased 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 about penny stocking, short stocking, as well as all things trading-related, clips and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be more laid back and less active, while another might be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that this is a high stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know how it works and the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Cccr
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, you need to have an open mind. Timothy Sykes Cccr
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Cccr
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the My Trade section of the dashboard that lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.
