The stock market can be a high-stakes game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you’re immersed in the water You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you to improve your performance in the industry. We’ll be taking an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Bianca Alexa And Timothy Sykes
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed, transparent, accountable, and encouraging each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for professionals 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 transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” The concept, he added, served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students and secondly) making it possible for everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Bianca Alexa And Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared towards achieving success. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll 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 be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to demonstrate your worth to a group of traders, but you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus in the chatroom, along with text and e-mail alerts and 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 Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small companies to move to a market that is larger as it gives them access to money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have made significant amounts of profit from their combined years of experience. Bianca Alexa And Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the prominent 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, including alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has 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 profits. Bianca Alexa And Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also have access to premium research reports as well as 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 field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use a majority of features from the Novice plan. This plan allows that you are able to create a private profile to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ stats that might be a drawback for those who are eager to try this new tier. Bianca Alexa And Timothy Sykes
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives 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 provided tools for training and leaderboards, Profit.ly offers a number of other services they offer. One of those is its online store, which lets users choose from a wide array of videos designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You are probably familiar with chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. Some may be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can select from the products on its store online that they can take with them wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that this is a high-stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down 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 well-equipped with handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Bianca Alexa And Timothy Sykes
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 a wealth of education communications, trading, and communication tools
- You will receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of packages and services offered could be too much for a lot 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 may be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you need to have curiosity. Bianca Alexa And Timothy Sykes
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck may find Profit.ly’s range of resources useful in their efforts to reduce losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Bianca Alexa And Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade section of the dashboard which lets you post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your 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 can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could 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 in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.