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 it could be the reverse, and it may sometimes be very difficult to return to the point you were at your most productive. If you are always in the mud You will need to recognize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth in the industry. In this review, we’ll take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Buy Hold Overnight On First Green Day
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative, transparent, accountable, and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on showing every trade, something that was never prior to.” The concept Sykes said served two goals: 1.) making public records for not just the gurus and students and newsletter writers and secondly) allowing all users to be enlightened by both losses and wins to benefit the industry of trading. Timothy Sykes Buy Hold Overnight On First Green Day
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. You can create an account there for free, but you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into how the community of traders performs and its experts. It’s not only a chance to prove that you’re worthy to the group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, whether verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts through the chatroom as well as email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of expertise. Timothy Sykes Buy Hold Overnight On First Green Day
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Buy Hold Overnight On First Green Day
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that cater to traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to get an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ stats, which might be a drawback for some who may be anticipating this level. Timothy Sykes Buy Hold Overnight On First Green Day
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can select from a variety of instructional videos that are created to 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. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You’re probably 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 support. But on Profit.ly it’s seen as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be more laid back and not very often active, while another may be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, 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, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able choose from the items in its online store for them to take wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know how it works and the plethora of risks associated with it. It is ideal to use Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Buy Hold Overnight On First Green Day
Profit.ly’s Pros and Pros and
- Profit.ly’s many 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 get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the number of services that the platform can provide
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s yes. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you should have an open mind. Timothy Sykes Buy Hold Overnight On First Green Day
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s range of resources helpful in their efforts to avoid losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to be taught by your peers and experts on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Buy Hold Overnight On First Green Day
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the My Trade category on the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.