Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to where you were at your most productive. If you are constantly stuck in the gutter You will need to realize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you to improve your performance in the market. This review will take an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes On Cncb
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) making public records for everyone, not just the experts, but also the students and newsletter writers as well as) allowing anyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes On Cncb
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. It is possible to create an account there for free, but you’re only given access to the leaderboards and monitor the actions of non-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 offers, which we will review in the coming days.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into how the community of traders performs and its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, as well as 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 is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small companies to move to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their collective years of knowledge. Timothy Sykes On Cncb
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the 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: 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 packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, including alerts for swing trading and access to a rich 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 goes under the alias “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 when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes On Cncb
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics, which might be a drawback for some who may be anticipating this level. Timothy Sykes On Cncb
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month with an additional 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which lets users select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from 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 range of services and features. You may be familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be more laid back and rarely active, while another may be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products in its online store to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a risky game that should not be viewed as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable to those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know how it works and the plethora of risks associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes On Cncb
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of products and packages offered might be too much for most of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes On Cncb
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources helpful in their efforts to reduce losses and be more successful than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes On Cncb
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.