Stock trading is an extremely risky game. On certain days, you might enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to get back to the point you were at your best. If you’re immersed in the water You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth in the market. We’ll be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes Post On Twitter
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was based “on showing all trades, something that was never done before.” The idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Post On Twitter
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed toward achievement. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow 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 join one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may choose to publish your trades, either verified or not, via photographs. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, as well as 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 trader who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for 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 variety of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit through their years of knowledge. Timothy Sykes Post On Twitter
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world 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. As of this writing, there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, as well as text, e-mail 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 program. At $149.95 for a month this is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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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 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 trading earnings. Timothy Sykes Post On Twitter
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
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 texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use a majority of features from The Novice package. This plan allows that you can create a private profile for sharing with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ stats this might be a drawback for some who may be anticipating this level. Timothy Sykes Post On Twitter
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all the features of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to select from a variety of videos created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be a laid-back person who is less active, while another may be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products in its online store that they can take with them wherever they be. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as proficient in handling trading matters however, experienced traders know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s range of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Post On Twitter
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its core abilities, 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 packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you need to have an open mind. Timothy Sykes Post On Twitter
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources useful as they do their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become more successful in trading and would like to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Post On Twitter
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the “My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people 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 as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market left and right.
