Stock trading is an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to get back to the point you were at your most productive. If you’re always in the mud it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you to improve your performance within the field. This review will be taking 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 How Many Hours In A Day You Have To Work Timothy Sykes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative, transparent, accountable, and encouraging each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” This idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) giving anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. How Many Hours In A Day You Have To Work Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. It is possible to create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to demonstrate value to a community of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can opt to post your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as 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 trader who is famously 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. The penny stock market is an opportunity for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money from their collective years of expertise. How Many Hours In A Day You Have To Work Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app 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 premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. How Many Hours In A Day You Have To Work Timothy Sykes
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders, which might be a drawback for those eager to try this new tier. How Many Hours In A Day You Have To Work Timothy Sykes
This is by far the most luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off for billing annually This plan offers everything. You get full, no-holds-barred access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual 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 account that will give you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One might be more laid back and less active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they be. They can also gain hands-on experiences from trading within the platform, however they’ll realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. How Many Hours In A Day You Have To Work Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of 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 of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, 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 subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “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 to achieve this goal. Instead, it is best to keep an open mind. How Many Hours In A Day You Have To Work Timothy Sykes
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources helpful in their efforts to avoid loss and perform better than they did before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly want to become better at trading and wish to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ How Many Hours In A Day You Have To Work Timothy Sykes
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the ‘My Trade category on the dashboard that lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities left and right.