Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were your best. If you find yourself constantly stuck in the gutter it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time 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 found an online platform that will help you in your growth within the field. In this review, we’ll be taking 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 Macgraw
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed, transparent, accountable, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions 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 through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing all users to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes And Macgraw
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to prove your worth 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 credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you can decide to share your trades, verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned significant amounts of profit from their combined years of experience. Timothy Sykes And Macgraw
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this 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 we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, text, e-mail and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both 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 total trading profits. Timothy Sykes And Macgraw
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition you’ll also have access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As 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 hands on what we call a competitive process by itself.
Among the list of things 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 giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their trading skills. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics this could be a problem for those who are anticipating this level. Timothy Sykes And Macgraw
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month with 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features of the previous plans.
In addition, you’ll be 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, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips 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 as well part of Profit.ly’s array of services and features. You may be familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be laid back and rarely active, while another may be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely 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 get daily videos and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they be. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that trading is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with handling trading matters but the experts already know the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes And Macgraw
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘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 intended to be created in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes And Macgraw
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful when they try their best to reduce loss and perform better than before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really want to become more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes And Macgraw
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard that lets you post your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.