Stock trading is an extremely risky game. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve found an online platform that will help you to improve your performance in the market. In this review, we’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes As A Fraction
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed, transparent, accountable, and encouraging each other by offering a wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit, but for 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 ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The idea Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Timothy Sykes As A Fraction
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed towards achieving success. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll 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 your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to demonstrate your worth to a large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you may opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom as well as notifications via email or text 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 delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because it gives them access to money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for 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 vast array of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their collective years of expertise. Timothy Sykes As A Fraction
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. 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 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. When we take that into account, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for 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 trading earnings. Timothy Sykes As A Fraction
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at 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 entry-level plan designed especially for people who are brand new to the trading community. As you sign to this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ statistics that might be a drawback for those who are anticipating this level. Timothy Sykes As A Fraction
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room as you can see it across 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 real-time area where experts and members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. One of them may 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 for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works and 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 enhance their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes As A Fraction
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You will receive excellent training and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via 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 numerous packages and products offered may not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you should have curiosity. Timothy Sykes As A Fraction
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and perform better than before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become more successful in trading and would like to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes As A Fraction
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade’ category of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is 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 app version works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.
