Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to get back to where you were your peak. If you are constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require 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 globe, which is why we’ve identified a platform that can support you to improve your performance in the market. This review will take an in-depth look at Profit.ly A well-respected 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 6 Major Companies Behind 5G Network Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be informative responsible, transparent, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad array of options for communication and trade that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Think of it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students, and 2) allowing anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. 6 Major Companies Behind 5G Network Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed toward achievement. You may set up an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information 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 previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its experts. It’s not only a chance to show your worth to a community of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can decide to share your trades, either verified or not, via pictures. In Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, 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 the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made substantial profits from their collective years of experience. 6 Major Companies Behind 5G Network Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the 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 packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A standalone purchase from 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; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is a great option for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. 6 Major Companies Behind 5G Network Timothy Sykes
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically 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 vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. It is in this plan that you can set up a private profile to share with other associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics this might be a drawback for those eager to try this new tier. 6 Major Companies Behind 5G Network Timothy Sykes
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month which includes a 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users pick from a range of instructional videos that are 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 is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional 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 from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One might be more laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for every person.
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 tips from the in-house experts and their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they go. You can also get hands-on experiences by trading through 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 the traders with years of exposure down the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as adept at dealing with trading issues however, experienced traders know the way it functions 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 improve their trading abilities. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. 6 Major Companies Behind 5G Network Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep curiosity. 6 Major Companies Behind 5G Network Timothy Sykes
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and perform better than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly want to become better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ 6 Major Companies Behind 5G Network Timothy Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the ‘My Trade section of the dashboard which lets you post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- 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’s a high chance that it is verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
