Stock trading can be an extremely risky game. On certain days, you may have the benefit of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you are always in the mud it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you in your improvement in the industry. In this review, we’ll take the time to 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.
Total Rating: 4.1/5 Timothy Sykes Stock Software
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that was never previously done.” The concept, he added, served two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter authors and students and secondly) giving all users to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Stock Software
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you can choose to publish your trades, whether verified or not, via screenshots. In Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms 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 has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small companies to move to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as a trader. At the age of 25 Sykes was given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have made significant amounts of profit from their combined years of expertise. Timothy Sykes Stock Software
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 experts were 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 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to predict 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 app available for iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Stock Software
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile application, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $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 get an account with this option, you should keep an eye on us as we present to you Profit.ly’s new 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 are able to create an account that is private to share with other associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats, which might be a drawback for those looking forward to this tier. Timothy Sykes Stock Software
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, and 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all the features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be more laid back and not very often active, while another may be more active and in touch to their pupils. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options 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. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able choose from the items in its online store to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at an equal level with 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 assist them in the ever-changing trading process. Timothy Sykes Stock Software
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Stock Software
What we do mean”yes” is it is a fantastic learning tool. People who are stuck could find Profit.ly’s range of resources to be helpful when they try their best to incur lesser loss 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 in the field!
So, if you genuinely care about being better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Stock Software
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade section of the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.