Stock trading is an extremely risky game. Some days, you may have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were your most productive. If you are always in the mud, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your improvement in the industry. We’ll take an in-depth look at Profit.ly is a well-known 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 Agora Exclusive: Live Weekend Trade D With Legendary Trader Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and uplifting with one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people who are starting out 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 and letting traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus as well as newsletter authors and students as well as) giving anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Agora Exclusive: Live Weekend Trade D With Legendary Trader Tim Sykes
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared at achieving success. You can create an account there for free, but you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to prove that you’re worthy to the large group of traders. 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 claims.
If you feel uneasy with the idea of divulging the details of your broker account you can choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to interact with your experts in the chatroom, along with email and text alerts as well as 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 the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks is an opportunity for small companies to move into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of expertise. Agora Exclusive: Live Weekend Trade D With Legendary Trader Tim Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as 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 highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts as well as 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 alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Agora Exclusive: Live Weekend Trade D With Legendary Trader Tim Sykes
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use many of the features of the novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders, which might be a drawback for those anticipating this level. Agora Exclusive: Live Weekend Trade D With Legendary Trader Tim Sykes
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all options of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of these is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection 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 array of features and services. You’re probably familiar with chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a area where experts and members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the members. One might be a laid-back person who is not very often engaged, while another could be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for everyone.
Newbies, for instance, will enjoy 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 its in-house gurus and their members. Additionally, they can select from the products in its online store to carry with them wherever they may go. They can also gain hands-on experience trading on the platform, however they’ll realize that trading is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like novices, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are at an equal level with Superman as well as 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 guide them through the ever-illustrious trading process. Agora Exclusive: Live Weekend Trade D With Legendary Trader Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you should have an open mind. Agora Exclusive: Live Weekend Trade D With Legendary Trader Tim Sykes
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s array of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you really want to become a better trader and want to learn from your fellows and gurus on the way, look no further – Profit.ly may be a great option to begin.
FAQ Agora Exclusive: Live Weekend Trade D With Legendary Trader Tim Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via 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 using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.
