Stock trading is an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your best. If you are constantly stuck in the gutter You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered an option that can help you to improve your performance in the industry. This review will be taking an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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 Besides Pennywise
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter writers and students, and 2) allowing all users to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Besides Pennywise
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed towards achieving success. You can create an account there at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was 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 prove your worth to a group of traders. You can also use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could choose to publish your trades, verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in 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 trader who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit from their collective years of expertise. Timothy Sykes Besides Pennywise
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus 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. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own 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 and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Besides Pennywise
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ statistics this could be a disadvantage for those anticipating this level. Timothy Sykes Besides Pennywise
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 each month which includes a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the chance to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, which allows users to select from a variety of video products designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members. One might be a laid-back person who is rarely engaged, while another could be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based 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 pick from the merchandise available in its online store to carry with them wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the risky mix that come with it. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. Timothy Sykes Besides Pennywise
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows 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 libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating This could be a concern that should not be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, it is best to keep curiosity. Timothy Sykes Besides Pennywise
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Besides Pennywise
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the “My Trade section of the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. 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.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.