Stock trading is a high-stakes game. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to get back to where you were your most productive. If you are immersed in the water it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve identified a platform that can support you to improve your performance within the field. We’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Institute Of Trading Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people new to trading as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been done before.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus, but also the students and newsletter writers as well as) giving all users to learn from the losses and wins to benefit the industry of trading. Institute Of Trading Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving the success of their business. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group and its experts. It’s not only a chance to demonstrate value to a large group of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, then you could opt to post your trades, either verified or otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned substantial amounts of money through their years of knowledge. Institute Of Trading Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the founder and 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 the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices, as well as 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 package. Priced at $149.95 for a month it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for 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. Institute Of Trading Timothy Sykes
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. This plan allows that you can create an account that is private to share with other associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their skills in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics that might be a drawback for those looking forward to this tier. Institute Of Trading Timothy Sykes
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount when billed annually, this tier has it all. 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 as well, you’re also offered the option of creating a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, which lets users select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased 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 related to penny stocking, short stocking, and other aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is not very often engaged, while another could be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able select from the products from its online store that they can take with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that this is a high stakes game that should not be viewed as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at handling trading matters but the experts already know how it works along with the plethora of risks that it carries. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Institute Of Trading Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its customers
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed 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. Institute Of Trading Timothy Sykes
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources useful when they try their best to avoid loss and perform better than before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Institute Of Trading Timothy Sykes
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the “My Trade’ category of the dashboard that lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.
