Stock trading can be a high-stakes game. Some days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your most productive. If you find yourself immersed in the water, you will have to realize that relying on your instincts and preserving might not be 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 trading partners from all over the globe, which is why we’ve discovered an option that can help you to improve your performance in the industry. This review will take 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 Mid Market
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards experts 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 honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two objectives: one) making public records for everyone, not just the experts and students and newsletter writers, and 2) making it possible for everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Mid Market
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed towards achieving achievement. It is possible to create an account on the site for free, but you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you can opt to post your trades, either verified or not, via photographs. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, in addition to email and text alerts as well as 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 involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading is an avenue for small businesses to transition to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, as well as other useful information 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 from their combined years of experience. Timothy Sykes Mid Market
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts 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: the founder of the penny stock market 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on 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 highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “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 the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Mid Market
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for those anticipating this level. Timothy Sykes Mid Market
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. With $74.95 each month and a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to look at other people’s statistics 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 the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few additional services that it can provide. One of them is the online store, where customers can pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and footage 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 features and services. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be a laid-back person who is less active, while another may be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies 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 the in-house experts and their members. They’ll also be able select from the products on its store online that they can take with them wherever they go. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that this is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks that come with it. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Mid Market
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Mid Market
What we mean”yes” is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s array of resources helpful in their efforts to avoid losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be better at trading and wish to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Mid Market
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the “My Trade category on the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades into 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 import your trade through a reliable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.