Stock trading can be an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be extremely difficult to return to where you were at your best. If you are constantly stuck in the gutter, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your growth in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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. 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 Morning Panic Dip Buy
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative responsible, transparent, and encouraging each other through its broad range of features and tools including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders new to trading and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” This idea, he added, served two objectives: one) creating public track records for not just the gurus and newsletter writers and students, and 2) allowing everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Morning Panic Dip Buy
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared at achieving success. You may set up an account for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to prove value to a community of traders, as you can also utilize Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may decide to share your trades, either verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect 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 trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity 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. However, don’t get it wrong – it’s also an extremely risky activity, as 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, earned an estimated $6 million profits through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their combined years of experience. Tim Sykes Morning Panic Dip Buy
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus 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 the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on 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, upgraded version of the Tim’s Alerts package. At $149.95 for a month it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for 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 Morning Panic Dip Buy
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information 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 the growing collection of the previous ones. Additionally, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign up for this package you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even chatting with 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, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their trading skills. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders this could be a disadvantage for some who may be anticipating this level. Tim Sykes Morning Panic Dip Buy
Pro Plan
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create a private profile. These two features are 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 a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few additional services that it can offer. One of those is its online store, where customers can pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes taken 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 array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. One might be a laid-back person who is 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 for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their best advantage to improve their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Morning Panic Dip Buy
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have curiosity. Tim Sykes Morning Panic Dip Buy
What we are referring to”yes” is it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s range of resources helpful as they do their best to reduce losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become more successful in trading and would like to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Morning Panic Dip Buy
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the My Trade’ category of the dashboard that allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market left and right.
