Stock trading is a high-stakes game. Some days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your peak. If you find yourself immersed in the water, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance within the field. We’ll take a look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Position Sizing Timothy Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative and accountable, as well as transparent and encouraging one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders new to trading and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades 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 trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never done before.” The concept, he added, served two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter writers and students, and 2) giving anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Position Sizing Timothy Sykes
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed at achieving success. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not just a way to demonstrate value to a group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, then you could choose to publish your trades, verified or not, by taking pictures. In Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits through their years of knowledge. Position Sizing Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast 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 on iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Position Sizing Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform 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.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their trading skills. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Position Sizing Timothy Sykes
The Pro plan is the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is the right choice 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 those is its online store, which allows users to choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you can find it throughout 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 can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One of them may be laid back and less active, while another may be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products in its online store to carry with them wherever they travel. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to them as the newcomers. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Position Sizing Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Valued?
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 wasn’t originally designed to be used to achieve this goal. Instead, you need to have curiosity. Position Sizing Timothy Sykes
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Position Sizing Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the “My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking images, it will be classified 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 at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is 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 in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.