Stock trading is an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you’re constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the industry. We’ll be taking an in-depth look at Profit.ly, a well-recognized 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 Timothy Lee Reid And Rita Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” This idea Sykes said served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students, and 2) giving all users to gain insight into both losses and wins to benefit the industry of trading. Timothy Lee Reid And Rita Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared towards achieving achievement. You may set up an account there at no cost, however you’re only limited to having access to the leaderboard and observe the actions 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, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs and its experts. It’s not just a way to show value to a large group of traders, but you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you can decide to share your trades, whether verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account and other methods 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 guru who is famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because it gives them access to funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit through their years of experience. Timothy Lee Reid And Rita Sykes
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus 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 Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is a great option for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos 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 both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Lee Reid And Rita Sykes
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 premarket stock watchlist along with the mobile application, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. This plan allows that you can create an account that is private for sharing with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders, which could be a problem for some who may be anticipating this level. Timothy Lee Reid And Rita Sykes
Pro Plan
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all features from the two prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you everything you need as an experienced trader, 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 more services it has to offer. One of these is its online store, where customers can choose from a wide array of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You are 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 place where gurus and their members trade and learn in real time. Each guru has their style in operating their chat room and in dealing with the members. One might be more laid back and not very often engaged, while another could be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s range of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Timothy Lee Reid And Rita Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Lee Reid And Rita Sykes
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Lee Reid And Rita Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the “My Trade section of the dashboard which lets you record your trades that are verified or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.
