The stock market can be an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were your best. If you’re immersed in the water You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an option that can help you in your growth in the market. We’ll be taking the time to look at Profit.ly A well-respected all-in-one 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.
Overall Rating: 4.1/5 Timothy Sykes Opinoin
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people new to trading and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures 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 fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts as well as students and newsletter writers and secondly) giving everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Opinoin
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared at achieving achievement. You may set up an account on the site for free, but you’re limited to access to the leaderboard and observe the activities of non-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 subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into their performance as a trading group and its experts. It’s not only a chance to show value to a large group of traders, but you can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, you can choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile and other methods to communicate with your gurus in 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 his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, 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 substantial amounts of money from their combined years of expertise. Timothy Sykes Opinoin
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional 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 total trading profits. Timothy Sykes Opinoin
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs 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 tools to get you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the three levels are and what 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 world. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re looking to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to use many of the features of the Novice plan. This plan allows that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ statistics this could be a problem for those who are looking forward to this tier. Timothy Sykes Opinoin
This is by far the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, with a 22% discount for annual billing, this tier has 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 features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other things trading-related, clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. One of them may be more laid back and rarely active, while another might be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, however they’ll realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Opinoin
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- As traders may opt to make any type of trade, there is the possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you need to have curiosity. Timothy Sykes Opinoin
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful in their efforts to reduce losses and perform better than they did before. Not only 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 mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Opinoin
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade category on the dashboard which allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.