Stock trading is an extremely risky game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be extremely difficult to get back to where you were at your most productive. If you’re constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. We’ll take an in-depth look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Cnbc
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative, transparent, accountable, and uplifting with 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 website 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 cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Think of it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The concept, he added, served two objectives: one) creating public track records for everyone, not just the experts as well as newsletter writers and students as well as) giving everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Cnbc
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared toward achievement. You can create an account on the site for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make your way up to the top of 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 community of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or otherwise, through pictures. In Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account and other methods to communicate with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an opportunity for small businesses to transition to a large marketplace as it gives them access to money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have made significant amounts of profit from their combined years of experience. Tim Sykes Cnbc
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: 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 monthly, this is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Cnbc
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign 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 can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re looking to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can create an account that is private to share with other associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their expertise in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see other traders’ stats, which could be a disadvantage for those eager to try this new tier. Tim Sykes Cnbc
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month with an additional 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, where customers can pick from a range of video products that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. However, 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 in running their chat rooms and dealing with the listed members. Some may be more laid back and not very often active, while another may be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts 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. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Tim Sykes Cnbc
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must 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 the ability to think with an open heart. Tim Sykes Cnbc
What we are referring to”yes” is that it can be a great learning tool. People who are stuck could discover Profit.ly’s array of resources helpful when they try their best to avoid losses and be more successful than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really 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 is a fantastic choice to start.
FAQ Tim Sykes Cnbc
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the “My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, 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 all over the world.