Stock trading is an extremely risky game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to the point you were at your best. If you find yourself immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your growth in the market. This review will be taking the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Which Dvd
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” The idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) giving all users to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Which Dvd
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared towards achieving the success of their business. It is possible to create an account at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the community of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can decide to share your trades, either verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small companies to move to a large marketplace as they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trader. At 25 years old Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to create 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 establish Profit.ly as a place of openness, 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 wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of expertise. Timothy Sykes Which Dvd
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental stock catalysts and use 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 application that is available to iOS and Android devices, email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Which Dvd
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders at different levels. Let’s look at what the three levels are and what 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 up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in have an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to use a majority of features from The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that might be a drawback for some who may be eager to try this new tier. Timothy Sykes Which Dvd
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, which includes an additional 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create your own private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, which allows users to 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 in this section of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. Some may be laid back and rarely active, while another may be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they may be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as proficient in dealing with trading issues, the pros already understand the way it functions and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Which Dvd
Profit.ly’s Pros and Cons
- Profit.ly’s many 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 get to receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many features the platform is able to offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you should have an open mind. Timothy Sykes Which Dvd
What we do mean”yes” is it can be a great learning tool. People who are stuck might discover Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Which Dvd
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the My Trade section of the dashboard that lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.