Stock trading is an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your best. If you are immersed in the water, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Tim Sykes Furu
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed responsible, transparent, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders new to trading and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” This idea Sykes said served two purposes: 1) making public records for everyone, not just the experts and students and newsletter writers as well as) making it possible for anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Tim Sykes Furu
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared towards achieving success. You can create an account at no cost, however you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community and its gurus. It’s not just a way to show your worth to a large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account you may decide to share your trades, whether verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms in addition to text and e-mail alerts and 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 involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a market that is larger as they can access funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial amounts of money through their years of expertise. Tim Sykes Furu
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: the founder of the penny stock market 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 Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices; 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 program. It costs $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Furu
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they will 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 up for this package you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up an account that is private to share with other associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ stats that might be a drawback for some who may be looking forward to this tier. Tim Sykes Furu
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and footage of 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 services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand how it works and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts and utilize those simple tips and hints throughout the process.
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 enjoyment! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Tim Sykes Furu
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise 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 dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, it is best to keep curiosity. Tim Sykes Furu
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Tim Sykes Furu
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the ‘My Trade’ category of the dashboard which lets you post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot 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 an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market both right and left.