Stock trading can be a high-stakes game. On some days, you could have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to return to the point you were at your most productive. If you are constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve found an online platform that will help you in your growth in the market. In this review, we’ll be taking a look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Which Tim Sykes Video Should I Start With
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
How do I define 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 cutting-edge analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” This idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus, but also the newsletter authors and students and secondly) giving everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Which Tim Sykes Video Should I Start With
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed toward the success of their business. You may set up an account there at no cost, however you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, either verified or not, by taking photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms 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 trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market is a stepping stone for small businesses to transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up 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 education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits through their years of experience. Which Tim Sykes Video Should I Start With
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field 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. At the time of writing there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ them to forecast 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 application that is available on iOS as well as Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Which Tim Sykes Video Should I Start With
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via the 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 the previous ones. In addition, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform has 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. Once you have signed to this plan, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include 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 can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets users to benefit from many of the features of the novice plan. It is in this plan that you can create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics, which could be a problem for those who are anticipating this level. Which Tim Sykes Video Should I Start With
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month with an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create your own private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be more laid back and not very often active, while another may be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able to choose from the items on its store online to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know how it works and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to develop their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Which Tim Sykes Video Should I Start With
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready 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 core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep curiosity. Which Tim Sykes Video Should I Start With
What we are referring to”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great option to begin.
FAQ Which Tim Sykes Video Should I Start With
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the ‘My Trade section of the dashboard which allows you to post your trades, either verified or not. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.