Stock trading can be an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to where you were your best. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement within the field. We’ll take an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Tim Sykes My 2 Boneheaded Mistakes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are starting out and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life 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 like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts and newsletter authors and students and secondly) allowing anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Tim Sykes My 2 Boneheaded Mistakes
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself a chance to shoot your way up to 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 and its experts. It’s not only a chance to prove value to a community of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can opt to post your trades, verified or not, by taking photographs. In Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a market that is larger as they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial amounts of money from their combined years of experience. Tim Sykes My 2 Boneheaded Mistakes
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices; email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is a great option for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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 the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes My 2 Boneheaded Mistakes
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed to this plan, you will be immediately provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets users to benefit from the majority of features available in The Novice package. This plan allows 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 the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view the statistics of other traders that might be a drawback for those anticipating this level. Tim Sykes My 2 Boneheaded Mistakes
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month and an additional 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and scenes from The Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be more laid back and rarely active, while another may be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they may be. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with managing trading, the pros already understand the way it functions and the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Tim Sykes My 2 Boneheaded Mistakes
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s abundance of products and packages offered might not be enough for most of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services the platform has to offer
The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an answer to this question, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, it is best to keep an open mind. Tim Sykes My 2 Boneheaded Mistakes
What we are referring to”yes” is it could be a useful learning tool. People who are stuck could find Profit.ly’s variety of resources useful as they do their best to avoid losses 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 care about being better at trading and wish to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes My 2 Boneheaded Mistakes
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the My Trade section of the dashboard which allows you to post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in 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 on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.