Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be very difficult to return to where you were at your best. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your growth in the industry. This review will take an in-depth look at Profit.ly A well-respected 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 Hanukkah Gifts
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative, transparent, accountable, and encouraging each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” This idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) allowing all users to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Hanukkah Gifts
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared toward achievement. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through 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 You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to demonstrate your worth to a community of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or not, via screenshots. In Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile and other methods 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small companies to move to a large marketplace as they can access capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their collective years of experience. Timothy Sykes Hanukkah Gifts
At its peak, Profit.ly had housed up to five gurus. Each of them a pro 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, however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and 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 highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, including alerts for swing trading and access to a rich 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 by the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Hanukkah Gifts
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and essential 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 package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re looking to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of The Novice package. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics that might be a drawback for those who are looking forward to this tier. Timothy Sykes Hanukkah Gifts
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips taken 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 range of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on area where experts and members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be more laid back and rarely engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products on its store online that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, however they’ll realize that the process is a risky game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Hanukkah Gifts
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the internal experts, which include 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 that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Timothy Sykes Hanukkah Gifts
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Hanukkah Gifts
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the “My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown 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 possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.