The stock market can be an extremely risky game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your best. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you in your improvement in the industry. This review will take a 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.
Total Rating: 4.1/5 Timothy Sykes Fiance
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of 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, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Fiance
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. It is possible to create an account there for free, but you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to the top of 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 gurus. You’re not just allowed to prove your worth to a large group of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, verified or not, via photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile, and more ways to interact with your experts via chatrooms as well as 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 has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’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 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 will be able to tell you because of his decades of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their combined years of knowledge. Timothy Sykes Fiance
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can 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 per month, you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
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 package. At $149.95 per month, this is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Fiance
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also gain access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs 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 tools to get you going. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to gain 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 allows users to benefit from 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 associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this could be a problem for some who may be looking forward to this tier. Timothy Sykes Fiance
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month with an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the options of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to 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 instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and scenes taken from events like 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 range of services and features. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One might be laid back and not very often active, while another may be more interactive and online with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may go. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that this is a high stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Fiance
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, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Fiance
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources helpful as they do their best to reduce losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Fiance
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you post it manually or through images, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.