Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were your peak. If you find yourself immersed in the water You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you to improve your performance in the market. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Timothy Sykes Per Day
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, transparent, accountable, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. 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 however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” The concept was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter authors and students, and 2) giving everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Timothy Sykes Per Day
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and expertise, 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 mentioned previously, is designed to give its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to prove value to a large group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you may choose to publish your trades, either verified or otherwise, through screenshots. In Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts through the chatroom in addition to 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 personality who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition to a market that is larger as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their combined years of experience. Timothy Sykes Per Day
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for investors who are involved in the penny-stock market. 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 weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Per Day
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge 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 daily video lessons, which include an ever-growing library of the previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign to this plan, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your actions public. If you’re interested in have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics, which could be a disadvantage for those who are anticipating this level. Timothy Sykes Per Day
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for billing annually, this tier has it all. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating your own private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which lets users select from a variety of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some 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 chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products in its online store for them to take wherever they travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to develop their trading skills. 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-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Timothy Sykes Per Day
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s numerous products and packages offered might be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you should have curiosity. Timothy Sykes Per Day
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources helpful as they do their best to incur lesser losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Per Day
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the My Trade category on the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.