Stock trading is an exciting game with high stakes. Some days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your growth in the industry. We’ll be taking the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes About Cameron Fous
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers and secondly) allowing anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes About Cameron Fous
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed toward achievement. It is possible to create an account there for free, but you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its experts. It’s not just a way to demonstrate value to a group of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or not, via pictures. In Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus 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 is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their combined years of experience. Timothy Sykes About Cameron Fous
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes About Cameron Fous
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their skills in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ stats, which might be a drawback for some who may be eager to try this new tier. Timothy Sykes About Cameron Fous
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount when billed annually This plan offers it all. It gives you full, unlimited 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 option of creating a private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few additional services that it can provide. One of them is the online store, which lets users select from a variety of video products designed to inform and provide guidance on 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 such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, in addition to a few special 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 exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be laid back and not very often active, while another might be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suited to people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may use Profit.ly’s range of features to their full advantage to improve their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes About Cameron Fous
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have curiosity. Timothy Sykes About Cameron Fous
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s array of resources helpful when they try their best to avoid losses and be more successful than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes About Cameron Fous
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the My Trade section of the dashboard which lets you record your trades, either verified or not. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.