The stock market can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter it is important to recognize that relying on instinct and survival is not always enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your improvement in the industry. This review will take the time to look at Profit.ly, a well-recognized 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 Stock Charting Site Timothy Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on showing every trade, something that has never been done before.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) making it possible for everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Best Stock Charting Site Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving the success of their business. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to show value to a group of traders, but you can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable 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 opt to post your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus 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 personality who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a market that is larger as they can access funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to 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 against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their collective years of expertise. Best Stock Charting Site Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate 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 app that’s available for iOS and Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
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 per month, it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Best Stock Charting Site Timothy Sykes
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you do want to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. 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.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their trading skills. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for those who are anticipating this level. Best Stock Charting Site Timothy Sykes
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create your own private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, where customers can choose from a wide array of video products that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes of 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 array of services and features. You may be familiar with the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One might be laid back and less active, while another might be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to select from the products in its online store that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as adept at managing trading however, experienced traders know how it works and the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to guide them through the ever-illustrious trading process. Best Stock Charting Site Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics 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 abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers will immediately benefit from the many services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have curiosity. Best Stock Charting Site Timothy Sykes
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly desire to be a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Best Stock Charting Site Timothy Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the ‘My Trade category on the dashboard that allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.