Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to the point you were at your best. If you are immersed in the water You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-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 discovered a platform that can support you in your improvement in the market. We’ll be taking a look at Profit.ly is a well-known 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 Parents
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed, transparent, accountable, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” This idea Sykes said served two objectives: one) making public records for not just the gurus, but also the newsletter authors and students as well as) allowing anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Parents
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. You can create an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at their performance as a trading group and its gurus. You’re not just allowed to show your worth to a group of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account you can opt to post your trades, verified or not, via photographs. Included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. 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 can be seen as an opportunity for small companies to move into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift 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 company’s internal gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their collective years of expertise. Timothy Sykes Parents
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both 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 all-time trading earnings. Timothy Sykes Parents
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this package you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. This plan allows that you are able to create an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for those who are anticipating this level. Timothy Sykes Parents
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, and 22% off for billing annually This plan offers everything. You will have full, unrestricted access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating a private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can select from a variety of videos created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One of them may be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they may go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at managing trading but the experts already know how it works along with the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
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 excitement! Trade professionals who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Parents
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Parents
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources helpful in their efforts to reduce losses and be more successful than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you truly want to become more successful in trading and would like to learn from your mentors and peers along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Parents
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the “My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.