Stock trading is a high-stakes game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your improvement in the market. In this review, we’ll take an in-depth 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.
Overall Rating: 4.1/5 Picture Of Tim Sykes And Bianca
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative and accountable, as well as transparent and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves 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 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 also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea was, he said, serving two objectives: one) making public records for not just the gurus and newsletter authors and students as well as) making it possible for all users to learn from the losses and wins for the trading industry’s benefit. Picture Of Tim Sykes And Bianca
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. It is possible to create an account for free, but you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking 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 that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can choose to publish your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market is an opportunity for small companies to move into a larger market because it allows them to access funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. At the age of 25, he had been given greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for 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 vast array of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of knowledge. Picture Of Tim Sykes And Bianca
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market 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 has to offer.
From Tim Sykes Tim Sykes
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 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Picture Of Tim Sykes And Bianca
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
In “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 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 previous lessons. On top of that, you’ll also get an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. 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 can describe as a cutthroat process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you do want to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
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 an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to view the statistics of other traders that could be a problem for those who are anticipating this level. Picture Of Tim Sykes And Bianca
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users choose from a wide array of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be laid back and rarely active, while another may be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading however, experienced traders know how it works and the risky mix associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to improve their trading skills. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part 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 capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Picture Of Tim Sykes And Bianca
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- If traders decide to make any type of trade, there’s an opportunity that some them could profit from selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you should have curiosity. Picture Of Tim Sykes And Bianca
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s array of resources helpful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Picture Of Tim Sykes And Bianca
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the ‘My Trade category on the dashboard which allows you to post your trades, verifiable 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 into provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.