Stock trading can be an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your peak. If you are immersed in the water, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will help you to improve your performance in the industry. In this review, we’ll take an in-depth look at Profit.ly is a well-known all-in-one 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Inside The Net
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative, transparent, accountable, and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people new to trading and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” The idea, he added, served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter writers and students as well as) giving anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Inside The Net
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed towards achieving achievement. You may set up an account for free, but you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you may decide to share your trades, whether verified or not, via pictures. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – 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 High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money through their years of knowledge. Timothy Sykes Inside The Net
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most famous gurus included 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: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 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 alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Inside The Net
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 access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information 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 daily video lessons, which include a growing library of all previous lessons. Additionally, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ statistics this could be a disadvantage for those eager to try this new tier. Timothy Sykes Inside The Net
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes an additional 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create your own private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to pick from a range of videos created to help you understand the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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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 chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be a laid-back person who is rarely engaged, while another could be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items in its online store that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Timothy Sykes Inside The Net
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 communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable 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 screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s abundance of packages and products offered may be too much for most of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you should have an open mind. Timothy Sykes Inside The Net
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better 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 in the field!
If you truly want to become a better trader and want to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Inside The Net
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade category on the dashboard that lets you record your trades, either verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to 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 learn and improve in acquiring opportunities on the stock market left and right.