The stock market can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your best. If you are constantly stuck in the gutter You will need to recognize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll take the time to 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.
Overall Rating: 4.1/5 Sykes Timber Companies House
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The concept, he added, served two purposes: 1) creating public track records for not just the gurus, but also the newsletter writers and students and secondly) allowing anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Sykes Timber Companies House
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving success. You can create an account at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group as well as its gurus. It’s not only a chance to show value to a group of traders, but you are also able to use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking your brokerage account, then you could decide to share your trades, verified or not, by taking photographs. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Sykes Timber Companies House
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to 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 and the mobile app that’s available to iOS and Android devices, email, text, 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 program. It costs $149.95 for a month this is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Sykes Timber Companies House
The Superman Alerts plan is an 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 as well as the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
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 offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their trading skills. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you will not be able view other traders’ statistics, which could be a problem for those who are eager to try this new tier. Sykes Timber Companies House
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and an additional 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. 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 the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they provide. One of these is its online store, which allows users to pick from a range of videos that are designed to educate and help you understand the ins and outs 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, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One might be a laid-back person who is less active, while another might be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able to choose from the items on its store online to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
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. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Sykes Timber Companies House
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s 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 whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you should have curiosity. Sykes Timber Companies House
What we do mean”yes” is it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources helpful in their efforts to avoid loss and perform better than they did before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Sykes Timber Companies House
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the ‘My Trade section of the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can see who’s dishonest 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 the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people 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 help each other learn and improve in acquiring opportunities on the stock market left and right.