The stock market can be a high-stakes game. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your most productive. If you find yourself always in the mud You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your improvement in the industry. We’ll take the time to look at Profit.ly A well-respected all-in-one 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.
Total Rating: 4.1/5 Timothy Sykes Walled Lake Michigan
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative, transparent, accountable, and encouraging one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two purposes: 1) keeping track of public data for not just the gurus and newsletter writers and students as well as) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Walled Lake Michigan
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. It is possible to create an account there at no cost, however you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders. You are also able to use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, either verified or not, by taking screenshots. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account and other methods to interact with your experts in the chatroom, in addition to notifications via email or text 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 has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading is an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time as a participant in 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 people who are brand new to trading. He also helped establish Profit.ly as a place of openness, 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 variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their combined years of expertise. Timothy Sykes Walled Lake Michigan
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Walled Lake Michigan
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown 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 the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also gain the ability to access premium reports on research 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 market, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders at 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 entry-level plan designed especially for those who are new to the trading world. When you sign up for this plan you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private account, making your activities publicly available. 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 lets users to benefit from many of the features of the novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats, which might be a drawback for those who are looking forward to this tier. Timothy Sykes Walled Lake Michigan
This is by far the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, which includes 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to choose from a wide array of videos created to help you understand the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a real-time space where experts and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be more laid back and less active, while another might be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
For instance, newbies 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 advice from its in-house gurus and members. They’ll also be able to choose from the items from its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Walled Lake Michigan
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts 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 by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users will 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 the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have curiosity. Timothy Sykes Walled Lake Michigan
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful as they do their best to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be a better trader and want to be taught by your mentors and peers along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Walled Lake Michigan
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How can I tell 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 submit it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.