The stock market can be a high-stakes game. Some days, you may have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were your peak. If you are always in the mud, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified an option that can help you to improve your performance in the industry. In this review, we’ll take the time to 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 Trading Morning Panics Youtube
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features including trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for all users to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Trading Morning Panics Youtube
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving achievement. You may set up an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its gurus. It’s not just a way to prove your worth to a community of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could opt to post your trades, either verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile and other methods to interact with your experts through the chatroom 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 is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their combined years of knowledge. Tim Sykes Trading Morning Panics Youtube
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: the 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: 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 monthly, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts and 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 under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Trading Morning Panics Youtube
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even texting other 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, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of many of the features of The Novice package. In this plan, that you are able to create an account that is private to share with other associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their skills in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Tim Sykes Trading Morning Panics Youtube
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be more laid back and rarely active, while another might be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts and members. Additionally, they can select from the products from its online store that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that the process is a high stakes game that should not be viewed as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as adept at handling trading matters but the experts already know the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like beginners, 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-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Tim Sykes Trading Morning Panics Youtube
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Tim Sykes Trading Morning Panics Youtube
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Trading Morning Panics Youtube
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade section of the dashboard. It lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.