Stock trading can be a high-stakes game. On certain days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your best. If you find yourself always in the mud it is important to realize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you to improve your performance in the market. We’ll take the time to look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Sykes Timber Uk
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options for communication and trade and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” The concept was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Sykes Timber Uk
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared toward success. You can create an account there at no cost, however you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll 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 that includes your personal information and expertise, connect your brokerage account, and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to prove your worth to a community of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom 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 guru who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition into a larger market because they can access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial profits through their years of knowledge. Sykes Timber Uk
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus 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 Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, as well as text, e-mail 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 an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Sykes Timber Uk
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can set up an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ stats this might be a drawback for those looking forward to this tier. Sykes Timber Uk
The Pro plan is the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, with an additional 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to select from a variety of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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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 chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be laid back and rarely active, while another might be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in its 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, ranging from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products on its store online that they can take with them wherever they go. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that trading is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to improve their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Sykes Timber Uk
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep curiosity. Sykes Timber Uk
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to be taught by your peers and experts along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Sykes Timber Uk
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting 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 and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.