Stock trading is a high-stakes game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to return to where you were at your best. If you’re always in the mud You will need to realize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll take a look at Profit.ly is a well-known single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Gap Down
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Timothy Sykes Gap Down
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account there at no cost, however you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to 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.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community and its gurus. You’re not just allowed to show value to a group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could opt to post your trades, verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as an avenue for small companies to move into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have made substantial amounts of money from their collective years of knowledge. Timothy Sykes Gap Down
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, 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 has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Gap Down
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders of 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 package you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you to share with other associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their trading skills. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to view other traders’ statistics that could be a problem for those anticipating this level. Timothy Sykes Gap Down
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, with a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create your own private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few additional services that it can provide. One of them is the online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One might be laid back and less engaged, while another could be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus and members. They’ll also be able select from the products from its online store for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that this is a high stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to them as the newcomers. While the newbies may not be as adept at managing trading, the pros already understand how it works and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Gap Down
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 tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other 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 verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s abundance of packages and services offered could be too much for most of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Gap Down
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful as they do their best to incur lesser losses and perform better than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Gap Down
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the “My Trade’ category of the dashboard that allows you to post your trades, either verified or not. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing at the top of 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 the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.