Stock trading is an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were at your peak. If you are constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you to improve your performance in the industry. This review will be taking an in-depth look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes Without A Job
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative, transparent, accountable, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those who are starting out and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” This idea was, he said, serving two objectives: one) creating public track records for not just the gurus and newsletter writers and students as well as) allowing all users to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes Without A Job
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You can create an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs as well as its experts. It’s not just a way to show that you’re worthy to the group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have earned significant amounts of profit through their years of experience. Timothy Sykes Without A Job
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices; 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 most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Without A Job
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign to 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 can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to take advantage of the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders this could be a disadvantage for some who may be anticipating this level. Timothy Sykes Without A Job
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, and 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of these is its online store, which lets users pick from a range of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your 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 on penny stocking, short stocking, and other related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One might be a laid-back person who is rarely active, while another may be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able choose from the items on its store online for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. Although the novices might not be as adept at dealing with trading issues but the experts already know the way it functions and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. 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 Without A Job
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you should have curiosity. Timothy Sykes Without A Job
What we do mean”yes” is it could be a useful learning tool. People who are stuck may find Profit.ly’s array of resources helpful as they do their best to avoid losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Without A Job
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.