Stock trading is a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to the point you were at your peak. If you are constantly stuck in the gutter it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth in the market. In this review, 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. 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 Snapchat
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed and accountable, as well as transparent and encouraging each other through its broad array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people new to trading and also as a platform for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
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 trust and transparency. it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was based “on showing every trade, something that has never been done before.” This idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students, and 2) allowing everyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Snapchat
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared at achieving achievement. You can create an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate your worth to a large group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, either verified or not, by taking screenshots. Also included in Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account as well as other 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 trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition into a larger market because they can access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality show “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 the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made significant amounts of profit from their collective years of knowledge. Timothy Sykes Snapchat
At its height, Profit.ly had housed up to five gurus. Each of them an expert 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 among others. At the time of writing there are only two gurus who remain on the 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and 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 premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans including swing trading alerts as well as unlimited access to a 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 is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Snapchat
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Snapchat
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. Some may be laid back and rarely active, while another may be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able select from the products on its store online for them to take wherever they be. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Snapchat
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there is a possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you should have an open mind. Timothy Sykes Snapchat
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Snapchat
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the My Trade’ category of the dashboard that allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.