The stock market can be a high-stakes game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to get back to where you were at your best. If you are immersed in the water You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an online platform that will help you in your growth in the industry. This review will take a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 How To Search For Good Stocks Timothy Sykes
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees 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 expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts and students and newsletter writers as well as) allowing all users to learn from the losses and wins to benefit the industry of trading. How To Search For Good Stocks 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 toward achievement. It is possible to create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not just a way to show value to a community of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can choose to publish your trades, either verified or not, by taking pictures. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to email and text alerts 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 trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small companies to move to a market that is larger as they can access funds from the general 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 at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise 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 tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial profits from their collective years of knowledge. How To Search For Good Stocks Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the 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, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. How To Search For Good Stocks Timothy Sykes
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ statistics, which might be a drawback for some who may be anticipating this level. How To Search For Good Stocks Timothy Sykes
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and an additional 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a area where experts and members trade and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. Some may be more laid back and not very often active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they travel. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. How To Search For Good Stocks Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data 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 dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- Since traders can choose to open any kind of trade, there is 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 simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, you need to have the ability to think with an open heart. How To Search For Good Stocks Timothy Sykes
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources useful when they try their best to incur lesser losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ How To Search For Good Stocks Timothy Sykes
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the My Trade section of the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using 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 develop and grow in their ability to take advantage of opportunities in the stock market all over the world.