Stock trading can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your improvement within the field. This review will take a 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 Breakup
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as 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 stated that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” This idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus and students and newsletter writers as well as) allowing everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Breakup
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. You can create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into their performance as a trading group and its gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You can also use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile, and more 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 his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small companies to move into a larger market because it gives them access to capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as a trader. At 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their combined years of expertise. Timothy Sykes Breakup
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise 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. At the time of writing, however, only two gurus remain on this 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 take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Breakup
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to take advantage of many of the features of The Novice package. This plan allows that you can create 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 does what the name suggests catering to those who desire to harness their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ statistics this could be a problem for those eager to try this new tier. Timothy Sykes Breakup
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create an individual profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to select from a variety of video products that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips taken 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 also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. Some may be a laid-back person who is less engaged, while another could be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can choose from the items in its online store for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, however, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Breakup
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting 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 verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s a ‘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 the ability to think with an open heart. Timothy Sykes Breakup
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources useful when they try their best to incur lesser loss and perform better than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Breakup
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the ‘My Trade’ category of the dashboard that lets you record your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.