Stock trading is an extremely risky game. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your most productive. If you are always in the mud, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance in the market. We’ll take a look at Profit.ly is a well-known 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 Millionaire Students
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative responsible, transparent, and to build relationships with each other by offering a wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” This idea was, he said, serving two goals: 1.) creating public track records for not just the gurus as well as students and newsletter writers as well as) giving all users to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Millionaire Students
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed toward success. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to prove that you’re worthy to the large group of traders. You are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you can decide to share your trades, either verified or not, via photographs. Included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile and other methods to interact with your experts 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 trading guru who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is a stepping stone for small companies to move to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. At 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made substantial amounts of money from their collective years of expertise. Timothy Sykes Millionaire Students
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the most prominent experts 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Millionaire Students
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary 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 an extensive base of knowledge provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re looking to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for those looking forward to this tier. Timothy Sykes Millionaire Students
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, and an additional 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all features of the previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which lets users pick from a range 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”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share 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 rarely engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes Millionaire Students
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels 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 not be enough for most of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, you need to have an open mind. Timothy Sykes Millionaire Students
What we do 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 useful when they try their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Millionaire Students
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the “My Trade category on the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application 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 version of the app is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.