Stock trading is an extremely risky game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to return to the point you were at your peak. If you find yourself always in the mud, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your improvement in the market. 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.
Overall Rating: 4.1/5 Timothy Sykes First Green Day
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed responsible, transparent, and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are starting out as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as 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.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus, but also the students and newsletter writers, and 2) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes First Green Day
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared at achieving the success of their business. You may set up an account for free, but you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, whether verified or otherwise, through photographs. Included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile and other methods to interact with your experts 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 famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky activity, 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, earned an estimated $6 million profit through his lengthy career as trader. At 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have made significant amounts of profit from their combined years of experience. Timothy Sykes First Green Day
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
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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 both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes First Green Day
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included 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 get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; 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, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of the majority of features available in the novice plan. In this plan, that you can set up a private profile to share with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats this could be a problem for those looking forward to this tier. Timothy Sykes First Green Day
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which lets users pick from a range of video products that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be a laid-back person who is not very often engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes First Green Day
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- If traders decide 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 could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you should have curiosity. Timothy Sykes First Green Day
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources useful in their efforts to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes First Green Day
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the My Trade section of the dashboard that allows you to post your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.