Stock trading can be an extremely risky game. On some days, you could have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were your peak. If you’re constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your growth in the market. We’ll take an in-depth look at Profit.ly A well-respected 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 Trading Books Recommended By Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are starting out and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
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 transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert 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 the transparency of every trade, something that has never been previously done.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) making it possible for all users to be enlightened by the losses and wins for the trading industry’s benefit. Trading Books Recommended By Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared at achieving achievement. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to show that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can decide to share your trades, whether verified or not, via photographs. In Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, as well as 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 trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market can be seen as an opportunity for small businesses to transition to a market that is larger as they can access capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their combined years of expertise. Trading Books Recommended By Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the prominent gurus included 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released every 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 small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Trading Books Recommended By Timothy Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. It is in this plan that you can create an account that is private for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics that could be a disadvantage for some who may be eager to try this new tier. Trading Books Recommended By Timothy Sykes
Pro Plan
This is by far the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and a 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all features of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating a private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. 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 on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the chat room as you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One of them may be laid back and not very often active, while another might be more active and in touch in their interactions with students. Think of chat rooms as 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 an array of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, however they’ll realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as adept at handling trading matters, the pros already understand the way it functions and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Trading Books Recommended By Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Trading Books Recommended By Timothy Sykes
What we do mean”yes” is that it could be a useful learning tool. People who are stuck might find Profit.ly’s variety of resources helpful in their efforts to reduce loss and perform better than before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Trading Books Recommended By Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, 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 is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
