Stock trading is an extremely risky game. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were your best. If you’re constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve found a platform that can support you in your growth in the industry. We’ll be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Timothy Sykes Nasdaq
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are starting out as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The idea was, he said, serving two goals: 1.) making public records for not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes Nasdaq
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account for free, but you’re limited to access to the leaderboard and observe 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 it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to show that you’re worthy to the large group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to interact with your experts via chatrooms as well as email and text alerts as well as updates.
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Meet 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 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 businesses to transition into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their collective years of knowledge. Timothy Sykes Nasdaq
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder as well as 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Nasdaq
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as 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 included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this package you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from the majority of features available in the novice plan. It is in this plan that you can create a private profile to share with other associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics that could be a problem for those who are anticipating this level. Timothy Sykes Nasdaq
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create a private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few other services they offer. One of them is the online store, where customers can select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One of them may be laid back and less active, while another may be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s range of features to their full advantage to improve their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ 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 on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Nasdaq
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- 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 out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you should have an open mind. Timothy Sykes Nasdaq
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Nasdaq
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade section of the dashboard. It lets you record your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does 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 app version works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.