Stock trading is a high-stakes game. Some days, you might have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were at your best. If you are always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve found an option that can help you to improve your performance in the market. We’ll take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Bianca Alexa Wedding Timothy Sykes Wife
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The concept, he added, served two objectives: one) making public records for not just the gurus, but also the newsletter writers and students, and 2) giving anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Bianca Alexa Wedding Timothy Sykes Wife
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you are also able to use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly are a variety of trading classes as well as the ability to look at 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 delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market is an opportunity for small companies to move to a large marketplace as it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up 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 education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial amounts of money from their collective years of knowledge. Bianca Alexa Wedding Timothy Sykes Wife
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most prominent gurus included 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 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 look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services 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 fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
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 for a month this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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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 both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Bianca Alexa Wedding Timothy Sykes Wife
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally you’ll also gain an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Programs 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 up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
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 up for this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can create a private profile to share with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a problem for those who are looking forward to this tier. Bianca Alexa Wedding Timothy Sykes Wife
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able select from the products on its store online to carry with them wherever they may go. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as the newcomers. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Bianca Alexa Wedding Timothy Sykes Wife
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you should have an open mind. Bianca Alexa Wedding Timothy Sykes Wife
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Bianca Alexa Wedding Timothy Sykes Wife
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
