The stock market can be an extremely risky game. On certain days, you could have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were your peak. If you’re constantly stuck in the gutter, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time You’ll need 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 world, which is why we’ve found a platform that can support you to improve your performance within the field. This review will take an in-depth look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Tsnp
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative responsible, transparent, and to build relationships with each other by offering a wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” This idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) giving everyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Tsnp
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed at achieving the success of their business. It is possible to create an account there for free, but you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its gurus. It’s not just a way to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as an opportunity for small companies to move into a larger market because it allows them to access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as a trader. When he was 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes and educational material aimed at 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 with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Timothy Sykes Tsnp
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as 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 premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Tsnp
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has 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.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics this could be a problem for those who are anticipating this level. Timothy Sykes Tsnp
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features from the two prior plans.
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. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can select from a variety of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. One might be laid back and rarely active, while another may be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products from its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s range 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 quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Tsnp
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Tsnp
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s variety of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be better at trading and wish to learn from your mentors and peers on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Tsnp
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.