Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be extremely difficult to return to where you were your best. If you’re immersed in the water You will need to recognize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your growth in the industry. This review will 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 Short Stock Risk Vs Reward Tim Sykes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” This idea was, he said, serving two goals: 1.) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Short Stock Risk Vs Reward Tim Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared towards achieving achievement. It is possible to create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at the performance of the trading community as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, in addition to 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 trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market is an avenue for small companies to move to a large marketplace as it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial amounts of money through their years of knowledge. Short Stock Risk Vs Reward Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field 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 however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Short Stock Risk Vs Reward Tim Sykes
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, the 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 the extensive knowledge base of information provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition you’ll also gain access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows 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 to share with other associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders this might be a drawback for those anticipating this level. Short Stock Risk Vs Reward Tim Sykes
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month and 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only 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, plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of these is its online store, which allows users to pick from a range of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. Some may be a laid-back person who is less active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited to them as those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Short Stock Risk Vs Reward Tim Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep curiosity. Short Stock Risk Vs Reward Tim Sykes
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources useful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Short Stock Risk Vs Reward Tim Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application 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 version of the app works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.