Stock trading is an extremely risky game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your growth in the industry. We’ll be taking the time to look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Tim Sykes An American Hedge Fund
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Tim Sykes An American Hedge Fund
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. It is possible to create an account there for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to show your worth to a community of traders. You can also use Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could opt to post your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to email and text alerts 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 involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market is an avenue for small businesses to transition to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trading professional. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Tim Sykes An American Hedge Fund
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, as well as email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes An American Hedge Fund
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and 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 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 the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private profile, which makes your actions public. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you can create a private profile to share with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders that could be a disadvantage for those who are looking forward to this tier. Tim Sykes An American Hedge Fund
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, with a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating your own private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can select from a variety of video products created to guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One might be laid back and rarely active, while another may be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able choose from the items on its store online to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with managing trading but the experts already know how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Tim Sykes An American Hedge Fund
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics 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 features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you need to have an open mind. Tim Sykes An American Hedge Fund
What we mean”yes” is it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources helpful when they try their best to avoid losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes An American Hedge Fund
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the My Trade section of the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using 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 assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
