Stock trading can be an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your most productive. If you are always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement in the industry. In this review, we’ll take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Stocks To Trade Software Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are starting out and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The idea was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) giving anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Stocks To Trade Software Timothy Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed towards achieving the success of their business. It is possible to create an account on the site for free, but you’re only given access to the leaderboards and monitor 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, which we will discuss in the near future.
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 to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to show your worth to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms 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 trader who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small companies to move to a market that is larger as they can access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial amounts of money from their combined years of knowledge. Stocks To Trade Software Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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 we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Stocks To Trade Software Timothy Sykes
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive 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 plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their skills in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats, which could be a disadvantage for those who are anticipating this level. Stocks To Trade Software Timothy Sykes
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which allows users to select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and footage of events like 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 range of services and features. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. Some may be a laid-back person who is not very often engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and members. Additionally, they can select from the products on its store online for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in managing trading but the experts already know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to improve their trading skills. 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-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Stocks To Trade Software Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep an open mind. Stocks To Trade Software Timothy Sykes
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources to be helpful in their efforts to avoid loss and perform better than before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you really care about being better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Stocks To Trade Software Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade category on the dashboard. It allows you to post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to 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.
