Stock trading is an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to where you were your peak. If you find yourself always in the mud You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth in the industry. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Historia De Timothy Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions 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 through the use of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea, he added, served two purposes: 1) making public records for all traders, not just the gurus and newsletter authors and students as well as) giving all users to be enlightened by the losses and wins to the benefit of the trading industry. Historia De Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared toward achievement. You can create an account there for free, but you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to prove your worth to a community of traders, as you are also able to use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, verified or otherwise, through photographs. In Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account as well as other ways to interact with your experts through the chatroom along with email and text alerts 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 delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. When he was 25 years old, 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 establish trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a platform 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 educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money through their years of expertise. Historia De Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when 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 to iOS and Android devices, email, text, and push alerts; and a daily stock watchlist.
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 for a month it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Historia De Timothy Sykes
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is 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 the previous ones. In addition you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that are designed to accommodate traders of 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 those who are just beginning their journey to the world of trading. Once you have signed to this plan, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what call a competitive process in and of 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 texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to take advantage of a majority of features from The Novice package. In this plan, that you can create a private profile for sharing with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able view the statistics of other traders this could be a problem for those who are eager to try this new tier. Historia De Timothy Sykes
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the option of creating a private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few additional services that it can 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 guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage from events like 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 variety of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members. One of them may be laid back and not very often active, while another might be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, 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 collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able choose from the items in its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as adept at handling trading matters, the pros already understand how it works along with the risky mix that come with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Historia De Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you should have an open mind. Historia De Timothy Sykes
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be better at trading and wish to learn from your mentors and peers on the way, look no further – Profit.ly could be a good choice to start.
FAQ Historia De Timothy Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard. It allows you to post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people 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 and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.