Stock trading can be an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were at your best. If you’re immersed in the water You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the industry. We’ll take an in-depth look at Profit.ly is a well-known 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 Anton Kreil And Timothy 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 permits traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people new to trading and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter authors and students, and 2) giving all users to gain insight into both the wins and losses for the trading industry’s benefit. Anton Kreil And Timothy Sykes
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account and other methods to interact with your experts through 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 his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their collective years of knowledge. Anton Kreil And Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices; 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 program. Priced at $149.95 monthly, it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Anton Kreil And Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get 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.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through Superman Pro. 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 the previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. It is in this plan that you can create an individual profile that allows you 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 to those who desire to develop their skills in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics this might be a drawback for some who may be anticipating this level. Anton Kreil And Timothy Sykes
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, and a 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create a private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of other services they provide. One of these is its online store, which allows users to select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. One of them may be laid back and rarely engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items from its online store to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a risky game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to the newcomers. Although the novices might not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Anton Kreil And Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- If traders decide to make any type of trade, there is an opportunity that some them will profit by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately benefit from the many services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, you need to have curiosity. Anton Kreil And Timothy Sykes
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s variety of resources helpful as they do their best to reduce losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Anton Kreil And Timothy Sykes
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the My Trade section of the dashboard which allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities both right and left.
