Stock trading can be a high-stakes game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be very difficult to get back to where you were your peak. If you are immersed in the water it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve found an online platform that will help you in your growth within the field. We’ll be taking an in-depth 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 Inside The Nfl
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed, transparent, accountable, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that has never been done before.” The idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) allowing all users to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Inside The Nfl
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. You can create an account there at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at the performance of the trading community as well as its experts. You’re not just allowed to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms as well as email and text alerts as well as updates.
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 company’s stock that trades for under $5 for each share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their combined years of expertise. Timothy Sykes Inside The Nfl
At its height, 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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Inside The Nfl
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this package, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you are able to create a private profile for sharing with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics this could be a problem for those who are anticipating this level. Timothy Sykes Inside The Nfl
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month which includes an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users pick from a range of videos created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be laid back and rarely active, while another might 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 to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items from its online store to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Timothy Sykes Inside The Nfl
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous features the platform is able to provide
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But you need to understand 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, it is best to keep the ability to think with an open heart. Timothy Sykes Inside The Nfl
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s range of resources helpful as they do their best to reduce loss and perform better than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being better at trading and wish to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Inside The Nfl
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the “My Trade’ category of the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.