The stock market can be an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to the point you were at your peak. If you are immersed in the water it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered an option that can help you in your improvement in the market. This review will be taking a 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 During The Pandemic
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad array of options for communication and trade, it helps traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Timothy Sykes During The Pandemic
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. You may set up an account on the site 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 interested in investing your money to 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.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at how the community of traders performs as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, verified or otherwise, through photographs. Included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom along with 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 guru who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a platform for transparency 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 amazing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of knowledge. Timothy Sykes During The Pandemic
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes During The Pandemic
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. This plan allows that you can create an individual profile that allows you to share with fellow 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 for those looking to improve their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which could be a problem for some who may be looking forward to this tier. Timothy Sykes During The Pandemic
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create a private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few additional services that it can provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You are 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. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be laid back and less engaged, while another could be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they be. You can also get hands-on experiences from trading within the platform, however they’ll realize that the process is a risky game that shouldn’t be taken as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to them as the newcomers. While the newbies may not be as adept at handling trading matters but the experts already know how it works and the stack full of risks that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes During The Pandemic
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- 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 whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep curiosity. Timothy Sykes During The Pandemic
What we are referring to”yes” is it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources helpful in their efforts to reduce losses and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes During The Pandemic
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard that lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are using 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 develop and grow in their ability to take advantage of opportunities on the stock market all over the world.