Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to return to the point you were at your most productive. If you are immersed in the water, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your improvement in the market. In this review, we’ll take a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes During Period
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed responsible, transparent, and uplifting with one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” The idea, he added, served two purposes: 1) creating public track records for not just the gurus and students and newsletter writers and secondly) allowing all users to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes During Period
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. You can create an account on the site for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at how the community of traders performs as well as its experts. It’s not just a way to demonstrate your worth to a group of traders, but you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts in the chatroom, along with email and text alerts 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 famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for openness, 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 wide range of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made significant amounts of profit through their years of knowledge. Timothy Sykes During Period
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: the founder and 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes During Period
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also have access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this package you’ll be offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re looking to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights 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 develop their expertise in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics this could be a problem for those who are anticipating this level. Timothy Sykes During Period
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating a private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of those is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special 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 exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be more laid back and less active, while another might be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products 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’ll be able to realize that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as adept at handling trading matters but the experts already know how it works and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s array of features to their full 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 to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes During Period
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and insights from its 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 by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you should have an open mind. Timothy Sykes During Period
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources helpful as they do their best to incur lesser loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes During Period
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the “My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.