Stock trading is an extremely risky game. Some days, you might have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to where you were at your most productive. If you’re constantly stuck in the gutter it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth within the field. We’ll be taking an in-depth look at Profit.ly, a well-recognized 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 Free Lessons Tin Gritani
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 responsible, transparent, and to build relationships with each other by offering a wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. 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 checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” The concept, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) giving all users to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Free Lessons Tin Gritani
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at the performance of the trading community and its gurus. It’s not just a way to show your worth to a large group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can opt to post your trades, whether verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market could be viewed as a stepping stone for small companies to move into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as a trader. When he was 25 years old Tim Sykes had received 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, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Timothy Sykes Free Lessons Tin Gritani
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. At the time of writing, there are only two gurus who remain on this 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 packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as texts, emails 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 package. Priced at $149.95 per month, this is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for 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 total trading profits. Timothy Sykes Free Lessons Tin Gritani
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and 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, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use a majority of features from The Novice package. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics, which could be a problem for some who may be eager to try this new tier. Timothy Sykes Free Lessons Tin Gritani
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes 22% off for billing annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few other services they offer. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a area where experts and members can interact and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be a laid-back person who is not very often active, while another might be more active and in touch with their students. Think of chatrooms as 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 cater to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able select from the products from its online store that they can take with them wherever they may go. You can also get hands-on experience trading on the platform, however 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 believe Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints 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 fun! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Free Lessons Tin Gritani
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough 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 picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Free Lessons Tin Gritani
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s array of resources useful when they try their best to incur lesser losses and perform better than they did before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being better at trading and wish to learn from your fellows and gurus throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Free Lessons Tin Gritani
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the “My Trade category on the dashboard. It lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.