Stock trading is an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your peak. If you find yourself always in the mud You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve identified an option that can help you in your growth in the industry. This review will be taking a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tim Sykes Than The Profit
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informed, transparent, accountable, and encouraging each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for communication and trade that help 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 this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner 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 founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was based “on showing every trade, something that was never previously done.” The idea was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers and secondly) making it possible for all users to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes Than The Profit
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed toward the success of their business. It is possible to create an account for free, but you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create an account with your experience and skills, join to 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 leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to prove your worth to a community of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you can opt to post your trades, whether verified or not, via screenshots. Also included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts through the chatroom as well as 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” is a small business’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small companies to move to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop 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 played a role in establishing Profit.ly as a platform for transparency 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 variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit through their years of expertise. Tim Sykes Than The Profit
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
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 and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Than The Profit
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. 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 ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. In this plan, that you can create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their expertise in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders this could be a problem for some who may be eager to try this new tier. Tim Sykes Than The Profit
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those 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. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you can see it across 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 area where experts and members can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members there. Some may be laid back and less active, while another might be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, however they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to improve their trading skills. As beginners, they are able to 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 or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Tim Sykes Than The Profit
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow 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 dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to increase the 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 provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep curiosity. Tim Sykes Than The Profit
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Than The Profit
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.