The stock market can be an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to get back to where you were at your most productive. If you are always in the mud You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your growth within the field. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Kimdir
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are starting out and as a hub 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 trade and communication that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards experts 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 trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been prior to.” The idea, he added, served two purposes: 1) creating public track records for not just the gurus, but also the newsletter writers and students as well as) allowing everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Kimdir
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed toward success. You may set up an account there for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re looking 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 deals that we’ll discuss in the near future.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate your worth to a group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, verified or not, by taking pictures. Also included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus through the chatroom 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 guru who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes and educational material aimed 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 transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their combined years of experience. Timothy Sykes Kimdir
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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 we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Kimdir
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be 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 SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is 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 daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers, each designed for traders at different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can set up a private profile to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ stats this could be a problem for those who are anticipating this level. Timothy Sykes Kimdir
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and a 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in 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 assistance. However, in Profit.ly the chat room is viewed as a area where experts and members can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One might be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able choose from the items on its store online for them to take wherever they travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as proficient in managing trading but the experts already know how it works along with the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Kimdir
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its users
- If traders decide to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have an open mind. Timothy Sykes Kimdir
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources useful when they try their best to avoid loss and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to learn from 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 Kimdir
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the My Trade’ category of the dashboard that lets you post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo 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’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users 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 via the App Store for Apple and in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.