Stock trading is an extremely risky game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to return to the point you were at your peak. If you are always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement within the field. We’ll take an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Best Trades Tim Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The idea Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) making it possible for everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Best Trades Tim Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that 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 there at no cost, however you’re only given the capability to browse the leaderboards and monitor the actions of non-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 offers that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to prove your worth to a community of traders, but you can also use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus via chatrooms as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their collective years of expertise. Best Trades Tim Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: Founder and 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’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for 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 total trading profits. Best Trades Tim Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign to this plan you’ll be 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 in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders, which could be a problem for those who are anticipating this level. Best Trades Tim Sykes
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 each month with a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all features from the two prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, where customers can select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a area where experts and member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they travel. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down 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 handling trading matters however, experienced traders know the way it functions and the stack full of risks that come with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Best Trades Tim Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the many services that the platform can offer
The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you need to have an open mind. Best Trades Tim Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck could find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful 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 truly want to become a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Best Trades Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade category on the dashboard that lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- 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 purchase your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.