The stock market can be an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you are always in the mud You will need to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll be taking a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Day Trading For Beginners Timothy Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders new to trading and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter authors and students, and 2) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Day Trading For Beginners Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboard and follow 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 subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and skills, join to your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can decide to share your trades, verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in penny stock trading. According to Investopedia the term “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 businesses to transition to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money through their years of expertise. Day Trading For Beginners Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. 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, there are only two gurus who remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is a great option for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, including alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Day Trading For Beginners Timothy Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this plan you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. 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 personal information public. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their trading skills. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that could be a problem for those who are looking forward to this tier. Day Trading For Beginners Timothy Sykes
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, and 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips 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 as well part of Profit.ly’s array of services and features. You may be familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. Some may be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of chat rooms as 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 the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider 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 dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Day Trading For Beginners Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading 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 as well as other traders that are waiting to reach 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 core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you should have an open mind. Day Trading For Beginners Timothy Sykes
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources useful as they do their best to reduce loss and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Day Trading For Beginners Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the ‘My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple 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 currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are 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 both right and left.