Stock trading can be an extremely risky game. Some days, you could enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your peak. If you find yourself immersed in the water You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth in the industry. We’ll be taking an in-depth look at Profit.ly, a well-recognized 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. 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 Spikeability
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative responsible, transparent, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance using the aid 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 each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” This idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Timothy Sykes Spikeability
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts 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.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the idea of sharing the details of your broker account you may decide to share your trades, either verified or not, by taking photographs. Included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile and other methods to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Timothy Sykes Spikeability
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as 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 highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Spikeability
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the market, 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 look at what the three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm 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 can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You can’t create a private account, making your actions public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. In this plan, that you can create a private profile to share with other associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ statistics, which could be a disadvantage for those anticipating this level. Timothy Sykes Spikeability
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, and 22% off for annual billing the Pro plan has everything. You will have full, unrestricted access to all features of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, which lets users choose from a wide array of videos 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 site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be more laid back and not very often active, while another might be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items in its online store for them to take wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For the traders with decades of experience in the line, we see 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 but the experts already know how it works and the stack full of risks that it carries. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Spikeability
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, you should have the ability to think with an open heart. Timothy Sykes Spikeability
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s range of resources helpful in their efforts to avoid loss and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Spikeability
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard. It lets you record your trades, either verified or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
