Stock trading can be an exciting game with high stakes. On some days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to return to where you were at your best. If you are always in the mud You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Tim Sykes As A Beginner
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people 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 variety of tools for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as a social media site akin 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 for trading is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” The concept, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) making it possible for everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes As A Beginner
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared at achieving achievement. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove your worth to a community of traders, as you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account then you could opt to post your trades, whether verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus in the chatroom, along with 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 has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access capital from the 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 expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, 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 significant amounts of profit from their collective years of expertise. Tim Sykes As A Beginner
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most famous experts 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 this 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 look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, text, e-mail 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 program. Priced at $149.95 for a month this is a great option for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes As A Beginner
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, each of which is essential to keep your hands on what we 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 ability to verify trades and track profits; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you are able to create an account that is private to share with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their trading skills. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view the statistics of other traders this could be a disadvantage for some who may be anticipating this level. Tim Sykes As A Beginner
This is by far the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating a private profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which lets users 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 purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the members there. One might be more laid back and not very often active, while another may be more interactive and online with their students. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able choose from the items in its online store to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Tim Sykes As A Beginner
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, 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 screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes As A Beginner
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s range of resources to be helpful as they do their best to reduce losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes As A Beginner
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the “My Trade category on the dashboard which lets you record your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.