Stock trading is a high-stakes game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to where you were your most productive. If you’re immersed in the water You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered 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 trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement in the industry. This review will be taking the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Despite The Market
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be informative, transparent, accountable, and encouraging each other through its broad range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are starting out as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” The idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts and newsletter authors and students and secondly) allowing everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Despite The Market
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You can create an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to show value to a group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can choose to publish your trades, verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account, and more ways to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as they can access funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit through their years of knowledge. Timothy Sykes Despite The Market
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the prominent experts were 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: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts and unlimited 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 under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Despite The Market
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you are able to create an account that is private to share with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Timothy Sykes Despite The Market
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few other services they provide. One of these is its online store, which lets users pick from a range of videos created to provide guidance on the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes taken 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 array of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and in dealing with the members. Some may be a laid-back person who is not very often active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can select from the products on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as adept at dealing with trading issues but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Despite The Market
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you should have curiosity. Timothy Sykes Despite The Market
What we mean”yes” is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s variety of resources useful when they try their best to avoid losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you really want to become more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Despite The Market
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard that allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.
