Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of pleasing and positive 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 most productive. If you’re immersed in the water You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you to improve your performance within the field. In this review, we’ll 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Course Free Course
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” This idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus as well as students and newsletter writers and secondly) giving all users to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Course Free Course
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward success. It is possible to create an account for free, but you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs and its experts. It’s not only a chance to show your worth to a large group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or not, via photographs. In Profit.ly are a variety of courses in trading, the ability to view 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 Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, 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 most appealing features is the vast array of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of knowledge. Tim Sykes Course Free Course
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released each 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 both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Course Free Course
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what 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 community. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ stats, which could be a problem for those who are anticipating this level. Tim Sykes Course Free Course
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of 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
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, where customers can pick from a range of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be laid back and less engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able select from the products in its online store for them to take wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as proficient in managing trading however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Course Free Course
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s numerous products and packages offered might be too much 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 improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Course Free Course
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Course Free Course
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard. It allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of 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 seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.