Stock trading is a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your best. If you’re constantly stuck in the gutter You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth in the industry. In this review, we’ll take the time to 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. 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 Outside Ebbing Missouri
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was based “on showing all trades, something that was never done before.” The concept Sykes said served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Outside Ebbing Missouri
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders, but you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, either verified or not, via photographs. Also included in Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account and other methods to communicate with your gurus through the chatroom along with 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 trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a market that is larger as they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial amounts of money from their collective years of knowledge. Timothy Sykes Outside Ebbing Missouri
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the 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 we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per 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 making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, it is a great option for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Outside Ebbing Missouri
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you are able to create a private profile to share with other associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their trading skills. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics that could be a problem for those who are eager to try this new tier. Timothy Sykes Outside Ebbing Missouri
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 per month, with 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, where customers can choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One might be a laid-back person who is rarely engaged, while another could be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items from its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as adept at managing trading, the pros already understand the way it functions and the risky mix that it carries. Ideally, they may use Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Outside Ebbing Missouri
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its users
- If traders decide to post any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, it is best to keep an open mind. Timothy Sykes Outside Ebbing Missouri
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s array of resources helpful in their efforts to reduce losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Outside Ebbing Missouri
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
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 probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.