The stock market can be an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your most productive. If you find yourself immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you to improve your performance in the industry. This review will be taking a look at Profit.ly, a well-recognized 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 News
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are starting out and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The concept was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) allowing anyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes News
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward achievement. You may set up an account at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing 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, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way 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 in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading can be seen as an opportunity for small companies to move into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial profits through their years of expertise. Timothy Sykes News
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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, 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 that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes News
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you do want to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of the novice plan. In this plan, that you are able to create an account that is private to share with other associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders this could be a problem for those who are eager to try this new tier. Timothy Sykes News
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they offer. One of those is its online store, which lets users choose from a wide array of videos designed to inform and help you understand the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. Some may be more laid back and not very often active, while another may be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s array of features to their best advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes News
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes News
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s array of resources helpful in their efforts to reduce losses and be more successful than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Timothy Sykes News
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard. It allows you to post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.