Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your improvement within the field. We’ll take a look at Profit.ly is a well-known 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 Hottub
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was created 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 publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never done before.” The idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Hottub
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to show value to a group of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus in 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 Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. At 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Timothy Sykes Hottub
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, 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. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, including alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Hottub
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that cater to traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As 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 hands on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you to share with other associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics this might be a drawback for some who may be looking forward to this tier. Timothy Sykes Hottub
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be a laid-back person who is less engaged, while another could be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to utilize Profit.ly’s range of features to their best advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Hottub
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you should have curiosity. Timothy Sykes Hottub
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Hottub
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is the chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of 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 the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.
