Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to where you were your peak. If you find yourself immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. We’ll take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Steven Profitly Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad range of resources for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on professionals 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 honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” This idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students, and 2) making it possible for all users to learn from both losses and wins to benefit the industry of trading. Steven Profitly Tim Sykes
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. It is possible to create an account for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see 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 review in the coming days.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, 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 show value to a large group of traders. You can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or not, via photographs. In Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an opportunity for small companies to move to a market that is larger as they can access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you 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 throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial profits through their years of experience. Steven Profitly Tim Sykes
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as 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 premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Steven Profitly Tim Sykes
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use many of the features of the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which might be a drawback for some who may be anticipating this level. Steven Profitly Tim Sykes
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, with 22% off for annual billing the Pro plan 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 and data, but you also have the chance to create a private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader expert 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 events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be more laid back and less engaged, while another could be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to them as the newcomers. Although the novices might not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Steven Profitly Tim Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Steven Profitly Tim Sykes
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic choice to start.
FAQ Steven Profitly Tim Sykes
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the My Trade’ category of the dashboard that lets you post your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
