Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of pleasing and positive numbers. On other days it could be the reverse and it could be extremely difficult to return to where you were at your most productive. If you find yourself always in the mud, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve found an option that can help you to improve your performance in the market. In this review, we’ll be taking the time to 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.
Total Rating: 4.1/5 Stock Dip Buying Strategy Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Stock Dip Buying Strategy Tim Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. You may set up an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to prove that you’re worthy to the large group of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts via chatrooms 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 trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a large marketplace as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he 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 the trading field. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money through their years of experience. Stock Dip Buying Strategy Tim Sykes
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most prominent gurus included 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. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Stock Dip Buying Strategy Tim Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, which makes your actions public. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their trading skills. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics that might be a drawback for those eager to try this new tier. Stock Dip Buying Strategy Tim Sykes
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the features of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, which lets users select from a variety of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be a laid-back person who is not very often active, while another might be more online and communicative with their students. Consider chat rooms as 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 caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products on its store online that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be treated as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to people who are just beginning. Although the novices might not be as well-equipped with managing trading however, experienced traders know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Stock Dip Buying Strategy Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- Since traders can choose to open 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 ignored.
- Profit.ly does not offer refunds because the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you need to have curiosity. Stock Dip Buying Strategy Tim Sykes
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s range of resources useful in their efforts to reduce losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to learn from your fellows and gurus on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Stock Dip Buying Strategy Tim Sykes
How can you make use of Profit.ly to publish your trades?
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 not. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
