Stock trading can be an extremely risky game. Some days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were at your most productive. If you’re always in the mud You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you to improve your performance within the field. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected one-stop 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.
Total Rating: 4.1/5 Timothy Sykes Cydy
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative, transparent, accountable, and uplifting with one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus, but also the students and newsletter writers, and 2) giving anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Cydy
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. You can create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove value to a community of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, in addition to 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 efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit from their collective years of expertise. Timothy Sykes Cydy
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, including alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Cydy
The Superman Alerts plan is an package of vital 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 app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “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 through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use many of the features of the novice plan. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their skills in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders that could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Cydy
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be the right choice 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 choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You may be familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be more laid back and less active, while another may be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for everyone.
Beginners, for instance, can take advantage of 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 and their members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Cydy
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy 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 unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you need to have an open mind. Timothy Sykes Cydy
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources useful in their efforts to incur lesser losses and perform better than before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Cydy
How can you make use of Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the “My Trade section of the dashboard. It lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.