Stock trading can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your most productive. If you find yourself immersed in the water, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. We’ll be taking a look at Profit.ly, a well-recognized 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 Ferrari
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that was never done before.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) giving anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Ferrari
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared toward success. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and 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 discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to prove that you’re worthy to the group of traders, but you can also utilize Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging the details of your broker account then you could opt to post your trades, either verified or otherwise, through pictures. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile as well as other ways to interact with your experts 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 trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of knowledge. Timothy Sykes Ferrari
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: the founder of the penny stock market 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 a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll 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 single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices; texts, emails 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. Priced at $149.95 monthly, this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Ferrari
The Superman Alerts package is his offering of essential features and trading alerts targeted 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, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. This plan allows that you are able to create an account that is private for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their trading skills. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ statistics, which could be a problem for those anticipating this level. Timothy Sykes Ferrari
The Pro plan is the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of those is its online store, where customers can choose from a wide array 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. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, 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 also part of Profit.ly’s range of services and features. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be more laid back and rarely active, while another may be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from beginners to experienced pros. 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 materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as proficient in managing trading but the experts already know how it works and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” 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 the power of Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Ferrari
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Ferrari
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s range of resources useful when they try their best to avoid loss and perform better than before. Not only struggling traders that 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 be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Ferrari
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the “My Trade section of the dashboard which allows you to post your trades, either verified or not. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.