Stock trading can be a high-stakes game. On some days, you may have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to the point you were at your most productive. If you’re always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you to improve your performance in the industry. This review will take an in-depth 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. 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 Stocks To Watch
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been done before.” This idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Stocks To Watch
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. You can create an account at no cost, however you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to prove your worth to a large group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can decide to share your trades, either verified or otherwise, through pictures. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile, and more ways to interact with your experts in the chatroom, 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 trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an opportunity for small businesses to transition to a market that is larger as they can access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. At the age of 25, he had been given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. 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 sweet inclusions is the wide range of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of experience. Timothy Sykes Stocks To Watch
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. 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 this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Stocks To Watch
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, the 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 an extensive base of knowledge provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in have 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 lets users to benefit from many of the features of the Novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Timothy Sykes Stocks To Watch
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is 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 provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One might be laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
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! 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 abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Stocks To Watch
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous packages and services offered could not be enough for most of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you should have an open mind. Timothy Sykes Stocks To Watch
What we mean”yes” is it can be a great learning tool. For those who are struggling, they may find Profit.ly’s variety of resources helpful when they try their best to reduce losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Stocks To Watch
How can you make use of Profit.ly to post 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, verifiable or otherwise. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.