Stock trading is an extremely risky game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were your best. If you find yourself constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve found a platform that can support you to improve your performance in the industry. We’ll take the time to 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 Money Line
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders new to trading as well as a place for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide array of options for communication and trade and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert 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.” The idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students and secondly) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Timothy Sykes Money Line
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, verified or not, via pictures. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile, and more ways to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously 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. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because they can access capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as 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 place 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 sweet inclusions is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial profits from their collective years of knowledge. Timothy Sykes Money Line
At its height, 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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: Founder of the penny stock market 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Money Line
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign to this plan you’ll be offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you do want to have an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use a majority of features from the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise 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 that could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Money Line
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and 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 videos created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time 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 dealing with the listed members there. One of them may be more laid back and not very often active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from beginners to experienced pros. 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 materials available across the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able choose from the items from its online store to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to those who are just starting. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Money Line
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have an open mind. Timothy Sykes Money Line
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Money Line
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 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 stock market opportunities all over the world.