Stock trading can be an extremely risky game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, 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’re immersed in the water You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. This review will take the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Book Free
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide array of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that has never been done before.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students as well as) allowing all users to be enlightened by the losses and wins for the trading industry’s benefit. Timothy Sykes Book Free
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving success. You can create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of non-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 deals, which we will discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to show your worth to a group of traders, but you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account then you could choose to publish your trades, either verified or not, via photographs. Also included in Profit.ly is the huge selection 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 in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made substantial profits from their collective years of knowledge. Timothy Sykes Book Free
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: Founder and 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 the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices, as well as 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 version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Book Free
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they will 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. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you are able to create an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders, which could be a problem for those who are eager to try this new tier. Timothy Sykes Book Free
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the options 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 features, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be laid back and rarely engaged, while another could be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that the process is a high-stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as adept at dealing with trading issues but the experts already know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Book Free
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- 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 products and packages offered might be too much for most of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Book Free
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources helpful as they do their best to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Book Free
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the My Trade category on the dashboard that lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities all over the world.