Stock trading can be an extremely risky game. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be very difficult to get back to where you were your most productive. If you’re always in the mud, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s 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 the time to look at Profit.ly is a well-known 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 Top Books Trading Timothy Sykes
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” This idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) allowing anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Top Books Trading Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared toward success. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to show value to a group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit through their years of expertise. Top Books Trading Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most prominent gurus 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential 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 see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known 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 all-time trading earnings. Top Books Trading Timothy Sykes
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the 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 and access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package 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 plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to have access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able view the statistics of other traders that might be a drawback for those who are eager to try this new tier. Top Books Trading Timothy Sykes
This is by far the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which lets users pick from a range of video products created to help you understand the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and scenes of 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 services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One might be more laid back and less engaged, while another could be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as adept at managing trading but the experts already know how it works along with the stack full of risks that come with it. It is ideal to make use of Profit.ly’s variety of features to their best advantage to develop their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Top Books Trading Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s 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 and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you should have the ability to think with an open heart. Top Books Trading Timothy Sykes
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s range of resources useful when they try their best to avoid losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Top Books Trading Timothy Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the “My Trade’ category of the dashboard. It allows you to post your trades, either verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may 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 available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.