Stock trading can be an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is 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 is a well-known 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.
Overall Rating: 4.1/5 How To Short A Stock Tim Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed, transparent, accountable, and encouraging one another through its wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated 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 one another. It gives the gurus worthwhile investments within the confines of the platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was based “on the transparency of all trades, something that has never been prior to.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus and newsletter writers and students and secondly) allowing everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. How To Short A Stock Tim Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared towards achieving success. It is possible to create an account on the site for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. It’s not just a way to prove your worth to a large group of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you may opt to post your trades, verified or not, by taking screenshots. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom along with 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 trader who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned significant amounts of profit from their combined years of experience. How To Short A Stock Tim Sykes
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the prominent experts 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: 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 look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental stock catalysts and use 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 and the mobile application that is available to iOS as well as Android devices, as well as email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. How To Short A Stock Tim Sykes
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits 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, view other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your actions public. If you’re looking to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to use many of the features of The Novice package. It is in this plan that you can create an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able to view the statistics of other traders that might be a drawback for some who may be anticipating this level. How To Short A Stock Tim Sykes
The Pro plan is the most premium package that Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create a private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members. Some may be more laid back and less active, while another may be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. Additionally, they can choose from the items on its store online for them to take wherever they go. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that trading 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 line, we believe 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 along with the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. How To Short A Stock Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, it is best to keep an open mind. How To Short A Stock Tim Sykes
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you truly want to become better at trading and wish to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ How To Short A Stock Tim Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the My Trade section of the dashboard that lets you record your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.