Stock trading can be an extremely risky game. On certain days, you might have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it can be extremely difficult to return to the point you were at your most productive. If you’re immersed in the water it is important to recognize that relying on instinct and survival might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve discovered an option that can help you in your improvement in the industry. 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.
Total Rating: 4.1/5 Timothy Sykes Charity
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative, transparent, accountable, and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was established many years ago 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 based “on showing all trades, something that has never been previously done.” The concept was, he said, serving two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students and secondly) allowing anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Charity
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward success. You may set up an account at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to demonstrate your worth to a group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing the details of your broker account you can decide to share your trades, whether verified or otherwise, through photographs. Included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits from their combined years of knowledge. Timothy Sykes Charity
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Charity
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally, 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 Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get 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 lets users to benefit from the majority of features available in the novice plan. In this plan, that you can create an account that is private to share with other associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their trading skills. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics this could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes Charity
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 per month, which includes 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all features from the two previous plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create an individual profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be laid back and rarely active, while another might be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able select from the products in its online store for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading but the experts already know the way it functions and the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Charity
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 tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- If traders decide to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Charity
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s range of resources useful as they do their best to incur lesser losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you truly want to become a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Charity
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident 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 unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.
