Stock trading can be an extremely risky game. On certain days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it can be very difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you to improve your performance in the industry. This review will 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Support And Resistance Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus and newsletter writers and students and secondly) making it possible for anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Support And Resistance Timothy Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared at achieving success. You may set up an account there at no cost, however you’re only given access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its experts. It’s not just a way to show your worth to a group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you can decide to share your trades, either verified or not, via photographs. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, in addition to text and e-mail alerts and 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 involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their combined years of expertise. Support And Resistance Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this 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 packages each guru can offer.
From Tim Sykes 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 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to a library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Support And Resistance Timothy Sykes
The Superman Alerts package is his package of vital features and alerts on trading geared 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 app, the daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that are designed to accommodate traders with 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 basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program 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 can also get onto leaderboards; study, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. In this plan, that you can set up an account that is private to share with other associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ stats this could be a problem for those looking forward to this tier. Support And Resistance Timothy Sykes
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month and an additional 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create your own private 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 all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can choose from a wide array of video products that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage of 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 variety of features and services. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be laid back and rarely active, while another might be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of the 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 trader types, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips from the in-house experts and members. They’ll also be able to select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s range of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Support And Resistance Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, 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 images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you need to have curiosity. Support And Resistance Timothy Sykes
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources useful when they try their best to reduce losses and be more successful than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Support And Resistance Timothy Sykes
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the “My Trade category on the dashboard which allows you to post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.
