Stock trading can be a high-stakes game. On some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your most productive. If you are always in the mud You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your growth in the market. This review will take 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.
Total Rating: 4.1/5 Timothy Sykes Age
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed, transparent, accountable, and to build relationships with one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are starting out and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students and secondly) giving anyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Age
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward success. It is possible to create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t 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 offerings that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to prove your worth to a large group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through photographs. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus via chatrooms along with 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 less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move into a larger market because they can access capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish 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 helped establish 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 amazing features is the wide range of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their combined years of expertise. Timothy Sykes Age
At its height, Profit.ly had housed up to five gurus. Each 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, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next possible moves in 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, email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Age
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, 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, as well as access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as an 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 tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics, which might be a drawback for those who are looking forward to this tier. Timothy Sykes Age
This is by far the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month which includes 22% off when billed annually the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating a private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of them is the online store, where customers can select from a variety of video products created to provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from events like 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 concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a real-time area where experts and members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the members. One might be more laid back and less engaged, while another could be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to the newcomers. While the newbies may not be as adept at managing trading, the pros already understand how it works and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Age
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build 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 needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users will immediately benefit from the many features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you need to have an open mind. Timothy Sykes Age
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Age
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the “My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are connected to 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 all over the world.