The stock market can be an extremely risky game. On some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were your peak. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your improvement within the field. This review will be taking the time to look at Profit.ly is a well-known 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 Read Sec Filings
The User’s Experience 4.5/5
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 through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter writers and students as well as) giving anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Read Sec Filings
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. It is possible to create an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor 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, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not just a way to show value to a group of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or not, by taking screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to connect with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. When he was 25 years old, he had been given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit through their years of expertise. Timothy Sykes Read Sec Filings
At its height, 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 experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: Founder of the penny stock market 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
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional 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 name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Read Sec Filings
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
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 help you going. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to 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 Plan
The Trader plan allows you to use many of the features of The Novice package. In this plan, that you are able to create a private profile to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those looking forward to this tier. Timothy Sykes Read Sec Filings
This is by far the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create a private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately 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 and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. Some may be more laid back and less engaged, while another could be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able to select from the products from its online store to carry with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as well-equipped with managing trading, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Read Sec Filings
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you need to have an open mind. Timothy Sykes Read Sec Filings
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Read Sec Filings
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion 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 choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.