Stock trading can be an exciting game with high stakes. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be very difficult to get back to the point you were at your most productive. If you are always in the mud it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an online platform that will help you to improve your performance in the industry. This review will take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes When To Enter A Trade
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those 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. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept was, he said, serving two goals: 1.) keeping track of public data for not just the gurus as well as newsletter authors and students, and 2) giving anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Timothy Sykes When To Enter A Trade
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared toward success. It is possible to create an account there for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to demonstrate your worth to a large group of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or not, by taking photographs. In Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market could be viewed as an avenue for small businesses to transition to a market that is larger as they can access funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He made use of the show to create 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 establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of knowledge. Timothy Sykes When To Enter A Trade
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this 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, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices; texts, emails 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 program. At $149.95 per month, it is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes When To Enter A Trade
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also gain access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ stats this could be a disadvantage for some who may be anticipating this level. Timothy Sykes When To Enter A Trade
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to select from a variety of video products created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be a laid-back person who is rarely active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will 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 for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as adept at handling trading matters, the pros already understand how it works and the stack full of risks associated with it. It is ideal to use Profit.ly’s range of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Timothy Sykes When To Enter A Trade
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes When To Enter A Trade
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s array of resources to be helpful when they try their best to reduce losses and perform better than before. It’s not just 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 more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes When To Enter A Trade
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. 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 unverified trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
