Stock trading can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll be taking the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Best Spreadsheet For Tim Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources 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 like Facebook and Reddit, but for 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 guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The concept, he added, served two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter writers and students as well as) making it possible for everyone on the platform to learn from the losses and wins to benefit the industry of trading. Best Spreadsheet For Tim Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared at achieving the success of their business. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom in addition to 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 the term “penny stock” refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading is an avenue for small businesses to transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are 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 against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Best Spreadsheet For Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: Founder as well as penny-stock trader 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational 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 professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Best Spreadsheet For Tim Sykes
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real time, and E-mail and SMS alerts.
From “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 through the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also have the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of a majority of features from the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for those anticipating this level. Best Spreadsheet For Tim Sykes
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes 22% off for annual billing This plan offers it all. You get full, no-holds-barred access to all features of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, where customers can select from a variety of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and scenes taken from 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 array of features and services. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members. Some may be more laid back and rarely active, while another might be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able select from the products in its online store to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Best Spreadsheet For Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos 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 out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep an open mind. Best Spreadsheet For Tim Sykes
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s array of resources helpful in their efforts to incur lesser loss and perform better than they did before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you really care about being better at trading and wish to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Best Spreadsheet For Tim Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities all over the world.