Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it could be extremely difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the market. We’ll be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Lesson Library Review
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Timothy Sykes Lesson Library Review
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the actions 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, you will need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show value to a large group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, either verified or not, by taking screenshots. In Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus in 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 trader who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a large marketplace as it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He then made use of the show to establish 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 place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Timothy Sykes Lesson Library Review
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most 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. With that taken into consideration, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated 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 professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Lesson Library Review
The Superman Alerts plan is an offering of essential features and trading alerts targeted 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 updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that 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 your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this plan you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics this might be a drawback for some who may be eager to try this new tier. Timothy Sykes Lesson Library Review
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month which includes 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all options of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which lets users select from a variety of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with chat rooms 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 it’s seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be laid back and rarely active, while another may be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like novices, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Lesson Library Review
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Lesson Library Review
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Lesson Library Review
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 which lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is 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 and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.