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 could be very difficult to get back to where you were at your most productive. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time You’ll need 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 globe. That’s why we’ve found a platform that can support you in your improvement in the industry. We’ll take an in-depth look at Profit.ly A well-respected 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 Minus One
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and encouraging each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate 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. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students, and 2) giving anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Timothy Sykes Minus One
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed at achieving achievement. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at how the community of traders performs and its gurus. It’s not just a way to demonstrate value to a group of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, then you could opt to post your trades, either verified or otherwise, through photographs. Included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, in addition to 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 involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small businesses to transition to a large marketplace as it allows them to access funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of experience. Timothy Sykes Minus One
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who 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, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, as well as text, e-mail, 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 package. At $149.95 per month, this is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with 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 trading earnings. Timothy Sykes Minus One
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you do want to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from the majority of features available in the novice plan. This plan allows that you can create a private profile to share 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 people who want to improve their trading skills. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders that could be a problem for those who are eager to try this new tier. Timothy Sykes Minus One
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, with 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all the options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like the “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 aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be laid back and rarely active, while another might be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works along with the risky mix that it carries. Ideally, they may make use of Profit.ly’s variety of features to their full 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 throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Minus One
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach 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
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. 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 Minus One
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and be more successful than before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Minus One
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
