Stock trading can be a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you are always in the mud it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the market. In this review, we’ll take the time to look at Profit.ly, a well-recognized one-stop 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Free Book
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed responsible, transparent, and uplifting with each other through its broad range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are starting out as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information 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 founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been done before.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers as well as) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Free Book
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders, but you can also use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can choose to publish your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to connect with your gurus through the chatroom in addition to notifications via email or text as well as 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 his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial amounts of money through their years of experience. Timothy Sykes Free Book
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who 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. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has 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 trading profits. Timothy Sykes Free Book
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ stats that might be a drawback for some who may be anticipating this level. Timothy Sykes Free Book
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, which includes 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few other services they provide. One of these is its online store, which allows users to pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be a laid-back person who is not very often engaged, while another could be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to select from the products on its store online to carry with them wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand the way it functions and the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Free Book
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready 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 main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- As traders may opt to make any type of trade, there is an opportunity that some them will profit by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Free Book
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck could find Profit.ly’s variety of resources helpful as they do their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Free Book
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the ‘My Trade section of the dashboard which allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot 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 the likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.