Stock trading is an extremely risky game. On some days, you might have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to get back to the point you were at your most productive. If you’re always in the mud You will need to recognize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve found an online platform that will help you to improve your performance in the industry. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Tom Sykes Kawasaki
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting 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.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people new to trading as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” The idea Sykes said served two purposes: 1) creating public track records for everyone, not just the experts, but also the students and newsletter writers as well as) making it possible for everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Tom Sykes Kawasaki
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed towards achieving achievement. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at their performance as a trading group as well as its experts. It’s not only a chance to show value to a community of traders, as you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, then you could decide to share your trades, whether verified or not, via screenshots. In Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile and other methods to connect with your gurus in the chatroom, 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 trader who is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. When he was 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their collective years of expertise. Tom Sykes Kawasaki
At its peak, 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 famous experts were 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 the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict 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 application that is available for iOS and Android devices; 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tom Sykes Kawasaki
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager 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 up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in get the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ statistics, which could be a problem for those anticipating this level. Tom Sykes Kawasaki
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all options of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating your own private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You may be 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 support. But on Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be a laid-back person who is not very often active, while another may be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they be. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks that come with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Tom Sykes Kawasaki
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best 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 take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Tom Sykes Kawasaki
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful when they try their best to avoid loss and perform better than they did before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tom Sykes Kawasaki
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the My Trade category on the dashboard that allows you to post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.
