Stock trading can be a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your peak. If you are always in the mud, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the market. We’ll take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes And Bianca
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed, transparent, accountable, and uplifting with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that has never been prior to.” This idea, he added, served two purposes: 1) keeping track of public data for not just the gurus, but also the students and newsletter writers, and 2) making it possible for anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes And Bianca
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared toward achievement. You can create an account on the site for free, but you’re only limited to having access to the leaderboard and observe the activities of people who aren’t 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, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at how the community of traders performs and its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, either verified or not, via screenshots. Included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile and other methods to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading can be seen as an avenue for small businesses to transition into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it’s also 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, earned more than $6 million in profits throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial amounts of money from their collective years of experience. Timothy Sykes And Bianca
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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is a great option for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes And Bianca
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets you to use a majority of features from the novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics that might be a drawback for some who may be anticipating this level. Timothy Sykes And Bianca
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features from the two prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create your own private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of these is its online store, where customers can pick from a range of instructional videos that are created to provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly it’s seen as a area where experts and members trade and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is not very often active, while another may be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to choose from the items on its store online to carry with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited to people who are just beginning. While the newbies may not be as proficient in managing trading, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their trading skills. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes And Bianca
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services that the platform can offer
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The Final Concluding Question is: 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 scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes And Bianca
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s range of resources to be helpful in their efforts to avoid loss and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes And Bianca
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.