The stock market can be an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were your best. If you’re constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses, 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 globe. That’s why we’ve identified an option that can help you in your improvement in the market. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 An American Hedge Fund Timothy Sykes Pdf
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed responsible, transparent, and to build relationships with one another through its wide array of tools and features including chat rooms, trade verification, 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 people who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus and newsletter writers and students and secondly) making it possible for all users to gain insight into the losses and wins to benefit the industry of trading. An American Hedge Fund Timothy Sykes Pdf
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its experts. It’s not just a way to demonstrate value to a group of traders, as you can also utilize Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can decide to share your trades, whether verified or not, via pictures. Included in Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move to a market that is larger as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit from their collective years of experience. An American Hedge Fund Timothy Sykes Pdf
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the prominent 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. With that taken into consideration, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. An American Hedge Fund Timothy Sykes Pdf
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured 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 access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this package you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you do want to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for those looking forward to this tier. An American Hedge Fund Timothy Sykes Pdf
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, which includes an additional 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create your own 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 everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which allows users to pick from a range of video products designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the chat room as you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be a laid-back person who is rarely engaged, while another could be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at dealing with trading issues, the pros already understand the way it functions and the risky mix that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. An American Hedge Fund Timothy Sykes Pdf
Profit.ly’s Pros and Pros and
- 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 tools, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- 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 abundance of packages and products offered may be too much for a lot of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. An American Hedge Fund Timothy Sykes Pdf
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s array of resources useful in their efforts to incur lesser losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ An American Hedge Fund Timothy Sykes Pdf
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the “My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app 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 is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.