The stock market can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to the point you were at your most productive. If you’re always in the mud it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your growth in the market. We’ll be taking 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. 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 Learn Level 2
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed, transparent, accountable, and encouraging one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are starting out as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” This idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) allowing all users to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Learn Level 2
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared toward success. You can create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its experts. You’re not just allowed to prove that you’re worthy to the group of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account you may decide to share your trades, either verified or not, via photographs. Included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Timothy Sykes Learn Level 2
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing 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. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
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 and Android devices, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely 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 Learn Level 2
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort and filter your trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use a majority of features from the novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and information you have gained from this trading group.
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. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for those who are eager to try this new tier. Timothy Sykes Learn Level 2
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One might be laid back and not very often active, while another may be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that trading is a risky game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to develop their trading skills. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Learn Level 2
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary 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 affordable rates There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an answer to this question, it’s a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you need to have curiosity. Timothy Sykes Learn Level 2
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources to be helpful when they try their best to avoid losses and perform better than they did before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Learn Level 2
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.