Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you are always in the mud You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve found an option that can help you to improve your performance within the field. We’ll be taking the time to 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.
Overall Rating: 4.1/5 Tim Sykes Day Trading For Beginners
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative, transparent, accountable, and to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like 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 platform for trading 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 created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” The concept was, he said, serving two objectives: one) making public records for not just the gurus, but also the newsletter authors and students as well as) making it possible for anyone on the platform to learn from the losses and wins to benefit the industry of trading. Tim Sykes Day Trading For Beginners
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed towards achieving success. You may set up an account for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to prove value to a community of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may opt to post your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus via chatrooms as well as notifications via email or text as well as 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 penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Tim Sykes Day Trading For Beginners
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Day Trading For Beginners
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base 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 lessons, including a growing library of all previous lessons. In addition you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that cater to traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign to this plan you’ll be provided with a variety of powerful and essential 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 do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of a majority of features from the novice plan. This plan allows that you can set up an account that is private to share with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats, which could be a problem for those eager to try this new tier. Tim Sykes Day Trading For Beginners
This is by far the highest luxurious package Profit.ly offers to experienced traders. At $74.95 per month, with a 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all features from the two prior plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users pick from a range of video products that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist 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 range of features and services. You may be familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. Some may be laid back and less active, while another may be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to those who are just starting. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works along with the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Tim Sykes Day Trading For Beginners
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its customers
- If traders decide to open any kind 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 concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we were able to 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 intended to be created to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes Day Trading For Beginners
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Tim Sykes Day Trading For Beginners
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the “My Trade’ category of the dashboard. It lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.