Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were your peak. If you’re immersed in the water it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you to improve your performance within the field. This review will be taking a 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.
Total Rating: 4.1/5 Wedding Timothy Sykes Wife
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are starting out and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” This idea was, he said, serving two goals: 1.) making public records for not just the gurus and newsletter authors and students, and 2) allowing everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Wedding Timothy Sykes Wife
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed toward the success of their business. You may set up an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group and its experts. It’s not just a way 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 confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks is an avenue for small companies to move into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial profits from their combined years of knowledge. Wedding Timothy Sykes Wife
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who 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. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as 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 most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Wedding Timothy Sykes Wife
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly 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 entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
The list of features you can do 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 leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to see the statistics of other traders, which could be a disadvantage for those anticipating this level. Wedding Timothy Sykes Wife
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month and a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating your own private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on space where experts and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members. One might be a laid-back person who is less active, while another might be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide 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 can provide this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to select from the products on its store online for them to take wherever they may go. They can also gain hands-on experiences by trading through the platform, however they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with managing trading, the pros already understand the way it functions and the stack full of risks that come with it. Ideally, they may use Profit.ly’s array of features to their best advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Wedding Timothy Sykes Wife
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include 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 that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you should have an open mind. Wedding Timothy Sykes Wife
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and be more successful than before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Wedding Timothy Sykes Wife
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the My Trade category on the dashboard that lets you record your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.