Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your most productive. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you to improve your performance in the industry. In this review, we’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Amid Definition
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The concept Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students as well as) giving anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Tim Sykes Amid Definition
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 achievement. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow 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 join one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not only a chance to show that you’re worthy to the group of traders, as 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 assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. Penny stock trading can be seen as a stepping stone for small companies to move to a large marketplace as it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their combined years of knowledge. Tim Sykes Amid Definition
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service 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 focus on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Amid Definition
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that cater to 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. When you sign up for this package you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. This plan allows that you are able to create a private profile for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats, which might be a drawback for some who may be eager to try this new tier. Tim Sykes Amid Definition
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, which includes 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few other services they provide. One of these is its online store, which allows users to choose from a wide array of videos that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social 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 member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be laid back and less engaged, while another could be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able choose from the items in its online store for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to them as the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Tim Sykes Amid Definition
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will 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’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Tim Sykes Amid Definition
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful when they try their best to reduce 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 in the field!
If you truly care about being better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Tim Sykes Amid Definition
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 which lets you post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.