The stock market can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to where you were your peak. If you are always in the mud You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you to improve your performance in the market. We’ll be taking an in-depth look at Profit.ly is a well-known 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 Until Dawn
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” This idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) allowing all users to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Until Dawn
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into the performance of the trading community and its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders, as you can also use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could opt to post your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as they can access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform 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 most appealing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial profits from their collective years of expertise. Timothy Sykes Until Dawn
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Until Dawn
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile application, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally you’ll also gain an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s look at what the three 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 community. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics this could be a problem for those eager to try this new tier. Timothy Sykes Until Dawn
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, with 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all the options 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 a private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. One of them may be more laid back and not very often active, while another may be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high-stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as the newcomers. Although the novices might not be as well-equipped with managing trading but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Until Dawn
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many services that the platform can offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Until Dawn
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful as they do their best to avoid loss and perform better than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Until Dawn
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy 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 it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people 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 and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.