Stock trading is an extremely risky game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to get back to where you were your most productive. If you are constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the industry. This review will take a look at Profit.ly, a well-recognized single-stop social platform to trade!
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 In Pool
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide variety 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 site that functions as a learning and training platform for those new to trading and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was based “on showing every trade, something that has never been done before.” The idea Sykes said served two purposes: 1) making public records for not just the gurus, but also the newsletter writers and students and secondly) giving all users to learn from the losses and wins for the trading industry’s benefit. Tim Sykes In Pool
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward achievement. It is possible to create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t 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, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into 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. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can choose to publish your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile and other methods to communicate with your gurus through the chatroom as well as 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 is famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading is an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits through their years of expertise. Tim Sykes In Pool
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the prominent 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 this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase 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.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes In Pool
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of many of the features of the novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all the insights and knowledge you gain from 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 develop their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders this could be a disadvantage for some who may be anticipating this level. Tim Sykes In Pool
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month and 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a space where experts and their members trade and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be more laid back and rarely active, while another might be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Tim Sykes In Pool
Profit.ly’s Pros and Pros and
- Profit.ly’s many 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 will be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Tim Sykes In Pool
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and be more successful than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes In Pool
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the “My Trade category on the dashboard that lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.