The stock market can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to return to the point you were at your best. If you’re always in the mud, you will have to realize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve found an option that can help you to improve your performance within the field. We’ll take an in-depth 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. 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 Retirement Catch Up Summit
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative, transparent, accountable, and uplifting with each other by offering a wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of advanced 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 offers gurus with worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two purposes: 1) making public records for not just the gurus and newsletter authors and students as well as) allowing anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Timothy Sykes Retirement Catch Up Summit
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving success. You may set up an account there for free, but you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing 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 offers that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its gurus. It’s not just a way to show that you’re worthy to the community of traders, but you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you may choose to publish your trades, verified or not, by taking photographs. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts 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 trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because they can access money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made significant amounts of profit from their combined years of knowledge. Timothy Sykes Retirement Catch Up Summit
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: Founder as well as 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 what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to forecast 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 and the mobile application that is available to iOS as well as Android devices, texts, emails 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 program. At $149.95 monthly, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Retirement Catch Up Summit
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get 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, as well as access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what 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 trading world. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of many of the features of the novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Retirement Catch Up Summit
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes 22% off when billed annually This plan offers it all. It gives you full, unlimited access to all the features from the two prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to pick from a range of video products designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with 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. However, in Profit.ly, it is seen as a place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be a laid-back person who is not very often active, while another might be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items on its store online to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that trading is a risky game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the risky mix that it carries. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Retirement Catch Up Summit
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous packages and services offered could be too much for most of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many features the platform is able to provide
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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’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have an open mind. Timothy Sykes Retirement Catch Up Summit
What we mean”yes” is it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and perform better than they did before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Retirement Catch Up Summit
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you post it manually or through images, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.