Stock trading can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance in the market. We’ll be taking a 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. 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 Out Of The Box
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter authors and students as well as) giving all users to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Out Of The Box
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to prove value to a group of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may opt to post your trades, verified or not, via photographs. Also included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms in addition to notifications via email or text 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 famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each 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. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. At 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform 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 most appealing features is the wide range of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Timothy Sykes Out Of The Box
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Out Of The Box
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want 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, you will not be able to view other traders’ statistics that could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes Out Of The Box
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes a 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. Both of these features, in addition to 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 a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to pick from a range of video products 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 is available to be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. Some may be more laid back and rarely active, while another might be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to the newcomers. While the newbies may 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. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Out Of The Box
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- If traders decide to make any type of trade, there is 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 ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you should have curiosity. Timothy Sykes Out Of The Box
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources to be helpful as they do their best to avoid losses and perform better than before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to learn from 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 Out Of The Box
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.