The stock market can be a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your most productive. If you find yourself always in the mud You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve found an online platform that will help you to improve your performance in the market. We’ll take an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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 Clay Trader Vs Timothy Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informed, transparent, accountable, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The concept was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) making it possible for anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Clay Trader Vs Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared toward success. You may set up an account at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to show that you’re worthy to the group of traders. You can also use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account then you could decide to share your trades, verified or otherwise, through pictures. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trader. When he was 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete on 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. These gurus refer to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Clay Trader Vs Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: Founder and 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 Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, as well as text, e-mail, 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. It costs $149.95 for a month it is a great option for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in 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 under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Clay Trader Vs Timothy Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these 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 just beginning their journey to the trading world. As you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in get the benefit of this service, be watching for us to introduce to you Profit.ly’s new 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 an individual profile that allows you to share with fellow associates all your 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 harness their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. Clay Trader Vs Timothy Sykes
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create your own private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can pick from a range of videos created to guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from events like 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 services and features. You’re probably familiar with the chat room as you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be a laid-back person who is not very often engaged, while another could be more active and in touch to their pupils. Think of chat rooms as 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 an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can select from the products in its online store to carry with them wherever they be. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the risky mix that it carries. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach 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 the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Clay Trader Vs Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, 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 diverse range of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you need to have an open mind. Clay Trader Vs Timothy Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources to be helpful in their efforts to incur lesser loss and perform better than they did before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Clay Trader Vs Timothy Sykes
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does 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 as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.