Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to where you were your best. If you are always in the mud, you will have to realize 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 reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your growth within the field. We’ll take the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Real
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable responsible, transparent, and encouraging each other through its broad variety of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as a social media site akin the likes of 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 for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept, he added, served two goals: 1.) making public records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Real
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared towards achieving success. It is possible to create an account on the site for free, but 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 interested in investing 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 go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking your brokerage account, then you could decide to share your trades, either verified or not, by taking photographs. In Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom as well as 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 trader who is famously known for his involvement in penny stock trading. 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 could be viewed as a stepping stone for small companies to move into a larger market because it gives them access to funds 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.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their collective years of experience. Timothy Sykes Real
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, text, e-mail and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month it is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely 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 Real
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also gain the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform 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.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of The Novice package. It is in this plan that you can set up an account that is private to share with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ stats this might be a drawback for some who may be anticipating this level. Timothy Sykes Real
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating a private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few other services they offer. One of them is the online store, which allows users to pick from a range of instructional videos that are created to guide you through 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 the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One might be more laid back and not very often active, while another might be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range 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.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as the newcomers. Although the novices might not be as adept at managing trading, the pros already understand how it works along with the plethora of risks that come with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Real
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, it is best to keep an open mind. Timothy Sykes Real
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources helpful when they try their best to avoid losses and be more successful than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Real
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the My Trade section of the dashboard which allows you to post your trades, verifiable or not. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people 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 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 since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.