The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to return to where you were your most productive. If you are immersed in the water it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve found an option that can help you to improve your performance in the market. We’ll be taking an in-depth 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.
Overall Rating: 4.1/5 Timothy Sykes Wolf
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are starting out and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals 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 honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two goals: 1.) making public records for all traders, not just the gurus and newsletter authors and students as well as) making it possible for all users to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Wolf
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. It is possible to create an account for free, but you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way up to the top of the leaderboard. 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 only a chance to prove that you’re worthy to the large group of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may decide to share your trades, whether verified or not, via screenshots. In Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile and other methods to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. Penny stock trading can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial profits through their years of experience. Timothy Sykes Wolf
At its peak, 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 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, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is 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 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 committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Wolf
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics, which might be a drawback for those eager to try this new tier. Timothy Sykes Wolf
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on area where experts and members trade and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. Some may be a laid-back person who is not very often engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal 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. Considering the number of offers it offers, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can choose from the items on its store online to carry with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s array of features to their best advantage to develop their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Wolf
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to boost their rating This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep curiosity. Timothy Sykes Wolf
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Wolf
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard that lets you post your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.